Is Lima, OH 45805 a buyer’s or seller’s market?

The Lima housing market right now

In the three months ending August 31, 2026, 22% of homes in Lima, OH 45805 sold above their list price, the typical home went under contract in 49 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 79 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold about as fast and the median sale price fell 2% to $224,903. Overall, Lima is about as competitive as it was a year ago.

Within Allen County, homes here sell faster than in 56% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Lima ranks #412 of 489 OH ZIP codes with enough sales (score 39 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), while Lima 45801 (33% sold over asking) and Harrod 45850 (33% sold over asking) are even more competitive.