Lima, OH metro area Housing Market
Cold MarketComprehensive housing market data for the Lima, OH metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$168K
↓ 16.2% YoY
Days on Market
65 days
↑ 6.6% YoY
Active Inventory
246
↑ 20.6% YoY
Homes Sold
55
↓ 8.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Lima, OH metro area Market Summary
The Lima, OH metro area housing market is cooling down. As of January 2026, the median home sale price is $168K, down 16.2% year-over-year. Homes are spending a median of 65 days on the market, 6.6% longer than a year ago.
There are 246 homes for sale — 20.6% more than last year. With 4.5 months of supply, this is a balanced market. 104 new listings were added during this period, up 38.7% year-over-year.
Homes are selling for 93.1% of their list price on average, suggesting room for negotiation. 18.2% of homes sell above their asking price. 21.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Ohio Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 60% below the national median, which could indicate stronger cash flow potential.
Lima, OH metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$148K
Price per Sq Ft
$122
Sale-to-List Ratio
93.1%
Months of Supply
4.5
Sold Above List
18.2%
Price Drops
21.1%
New Listings
104
↑ 38.7% YoY
Pending Sales
99
Off Market in 2 Weeks
26.3%
Other Markets in Ohio
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$290K · 59d on market
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$340K · 69d on market
Cleveland, OH metro area
$222K · 45d on market
Dayton, OH metro area
$225K · 46d on market
Toledo, OH metro area
$180K · 59d on market
Akron, OH metro area
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Youngstown, OH metro area
$160K · 59d on market
Canton, OH metro area
$217K · 41d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.