Is Lima, NY 14485 a buyer’s or seller’s market?
Lima is a seller’s market. With about 0.6 months of supply and 90% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Lima housing market right now
In the three months ending August 31, 2026, 90% of homes in Lima, NY 14485 sold above their list price, the typical home went under contract in 13 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (6 days then) and the median sale price held steady to $362,343. Overall, Lima is less competitive than a year ago, which gives buyers more room.
Within Livingston County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 93%.
Nearby, buyers who want less competition could look at Lakeville 14480 (0% sold over asking) or Piffard 14533 (33% sold over asking), while Dalton 14836 (100% sold over asking) is even more competitive.
Run the numbers for 14485
Nearby markets
Avon 14414Seller’s market $161 /sq ftCaledonia 14423Seller’s market $192 /sq ftConesus 14435Seller’s market $239 /sq ftDalton 14836 $80 /sq ft Browse all markets →Towns like Lima nearby
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Questions about Lima real estate
Is Lima a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Lima, NY 14485 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lima?
The typical home went under contract in 13 days in the latest three months.
Do homes in Lima sell over asking?
90% of homes sold above their original list price, and the typical sale closed at 116.7% of the list price.
What are property taxes in Lima?
About 2.45% of a home’s value a year in Livingston County, or roughly $9,800 on a $400,000 home.
What is the median home price in Lima?
The median sale price was $362,343 in the three months ending August 31, 2026, about $215 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology