Lima, OH Home Values & Market Trends
Real estate market trends reflect that there have been 1,599 transactions over the past year in Lima. The median value for residential home transactions that occurred over the previous year is $158,147.4. The number of current listings in Lima is 61, and the percentage of properties for sale in the city is 61.00%. Lima, OH currently has 72 properties in foreclosure, 5 bank owned properties, 19 properties headed for auction, and 61 properties for sale.
Lima, OH Real Estate Market Overview
Housing Market Summary for Lima, OH
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $170K | $160K | -5.88% |
| Median Sold Price | $141.1K | $160K | 13.42% |
| Homes For Sale | 49 | 62 | 26.53% |
| Homes Sold | 1,116 | 815 | -26.97% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lima, OH
Browse Homes in Lima, OH
Lima home values range from $17,110 to $2,977,906. The median estimated value of a home in Lima is $158,147.4. The median list price of a home is 161,000, and the total count of properties in the city is 27,335.
- Pre-ForeclosurePre-foreclosure homes account for 0.18% of all residential properties in Lima, OH with 45805 containing 18 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Lima, OH; of those zips, the estimated home value for pre-foreclosure homes ranges from $332,199 in 45807 to the lowest home value of $31,251 in 45804.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lima, OH ranges from the highest value of $100,000 in 45807 to the lowest value of $22,837 in 45804. Bank owned homes and properties account for 0.02% of properties in Lima, OH. There are 5 zips within Lima, OH; 45805 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions45801 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Lima, OH. Auction homes and other auction properties account for 0.07% of all properties in Lima, OH. There are 5 zips within Lima, OH; of those zips, the median estimated home value for homes going to auction ranges from $133,856 in 45806 to the lowest value of $49,992 in 45806.
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Guide for Lima, OH
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Cincinnati’s real estate market has showcased promising growth in 2023, marked by an increase in property values and prices per square foot.
