Is Lima, OH 45801 a buyer’s or seller’s market?
Lima is a seller’s market. With about 2.9 months of supply and 33% 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.
More competitive than 68% of U.S. ZIP codes, and #192 of 489 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lima housing market right now
In the three months ending August 31, 2026, 33% of homes in Lima, OH 45801 sold above their list price, the typical home went under contract in 46 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 56 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 26%, homes sold more slowly (41 days then) and the median sale price rose 1% to $156,932. Overall, Lima is more competitive than a year ago, so tougher for buyers.
Within Allen County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, Lima ranks #192 of 489 OH ZIP codes with enough sales (score 65 out of 100).
Nearby, buyers who want less competition could look at Lafayette 45854 (0% sold over asking) or Lima 45806 (15% sold over asking).
Run the numbers for 45801
Nearby markets
Beaverdam 45808 — /sq ftBluffton 45817Seller’s market $173 /sq ftDelphos 45833Seller’s market $110 /sq ftHarrod 45850Seller’s market $159 /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 2.9 months of supply in Lima, OH 45801 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 46 days in the latest three months.
Do homes in Lima sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Lima?
About 1.12% of a home’s value a year in Allen County, or roughly $4,480 on a $400,000 home.
What is the median home price in Lima?
The median sale price was $156,932 in the three months ending August 31, 2026, about $132 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