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Featured local agent — Lima, PA
Sarah Mitchell
Compass Real Estate · Lima, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lima, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$932,500median sale price
How is the Lima, PA housing market right now?
The median home sale price in Lima, PA is $932,500, up 52.9% year-over-year. Homes sell in an average of 48 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lima a buyer's or seller's market?
Lima, PA is currently a balanced market and homes selling in about 48 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
48
Average pace
Active listings
—
Sale-to-list
99.4%
Below asking
What does the Lima housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $932,500 |
| Year-over-year price change | +52.9% |
| Average days on market | 48 days |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $217/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lima by property type?
How the Lima, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $932,500 | $217/sq ft | 2 | 48 days |
| Townhouse | $367,500 | $273/sq ft | 2 | 67 days |
Source: Redfin · Updated monthly
The Lima housing market is currently classified as a balanced market with a median sale price of $932,500. Prices have risen 52.9% compared to last year, with homes spending an average of 48 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lima
Explore homes currently listed for sale in Lima, Pennsylvania across major real estate platforms.
Who lives in Lima?
Population
2,834
Median income
$76,953/yr
Median age
66.3 years
Owner-occupied
41.6%
College grads
37.7%
Avg commute
34 min
Source: U.S. Census Bureau ACS
What is it like to live in Lima?
Lima is a community of approximately 3K residents with a median age of 66.3 years.The median household income is $76,953, which reflects a relatively affluent area with strong earning potential. 37.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 41.6%, showing a blend of owner and renter-occupied properties. The average commute time is 34 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lima offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lima, PA?
Want a head-to-head view? Compare Lima side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lima?
The median home sale price in Lima is $932,500, up 52.9% from last year.
How long do homes stay on market in Lima?
Homes typically spend 48 days on market before going under contract.
What is the median income in Lima?
The median household income is $76,953 per year.
How much does a single-family home cost in Lima?
The median single-family home price in Lima, PA is $932,500 (about $217 per square foot).
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