Is Lima, OH 45806 a buyer’s or seller’s market?

The Lima housing market right now

In the three months ending August 31, 2026, 15% of homes in Lima, OH 45806 sold above their list price, the typical home went under contract in 47 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 42 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold faster (53 days then) and the median sale price rose 38% to $317,663. Overall, Lima is less competitive than a year ago, which gives buyers more room.

Within Allen County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in 89%. On our competition score, Lima ranks #384 of 489 OH ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Lafayette 45854 (0% sold over asking), while Lima 45801 (33% sold over asking) and Harrod 45850 (33% sold over asking) are even more competitive.