Is Lima, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Lima has remained a Seller's Market.
Key Takeaway
Lima is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Lima, NY cost?
Median Sold Price
$191,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
-$19,000(-9.0%)
Key Takeaway
Homes in Lima have sold for 9% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190.5K | $182K | -4.5% |
| 3 Bedrooms | $207.5K | $192K | -7.5% |
| 4 Bedrooms | $212K | $201.2K | -5.1% |
| 5+ Bedrooms | $250.5K | $152.5K | -39.1% |
How many homes are available in Lima, NY?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 5 | 3 | -40.0% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lima, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 6 Days | 88 Days | +1372.2% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lima are selling fast, if you're buying plan to act quickly.