Is Lima, NY a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Lima is a seller'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



Based on all homes sold in the last 12 months.

Difference Since December 2021


Key Takeaway

Homes in Lima have sold for 9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
2 $190.5K$182K
3 $207.5K$192K
4 $212K$201.2K
5+ $250.5K$152.5K

How many homes are available in Lima, NY?

Number of Homes For Sale

Nov 2022Dec 2022%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
2 10
3 32
4 11
5+ 00

Number of Homes Sold

Nov 2022Dec 2022%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
6 Days88 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lima are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lima, NY

Homes for sale in Lima, NY have reached 3. In December 2022 in Lima, NY there were 40% less homes for sale than in November 2022. The median list price of listings available in December 2022 was $191,000, while the average time on the real estate market was 88 days. Real estate listing prices changed between November 2022 and December 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 4.5%, prices of 3 bedrooms properties went down by 7.5%, the cost of 4 bedrooms properties went down by 5.1%, 5 bedrooms properties became 39.1% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 100%, number of 3 bedrooms homes decreased by 33.3%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. Over 3 listings were sold over their listed price in December 2022 in Lima, NY. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.