Is North Lima, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Lima was a Seller's Market.
Key Takeaway
North Lima is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Lima, OH
How much do homes in North Lima, OH cost?
Median Sold Price
$238,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Lima have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in North Lima was $238,000 in March 2024, up 5.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $175K | -20.5% |
| 3 Bedrooms | $175K | $172K | -1.7% |
| 4 Bedrooms | $466.7K | $350K | -25.0% |
| 5+ Bedrooms | $238.2K | $475K | +99.4% |
Summary: North Lima housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 99.4%.
Median Sold Price Compared To Nearby Cities
| Beaver Township | $235K | $275K | +17.0% |
| New Springfield | $188.5K | $215K | +14.1% |
| North Lima | $225K | $238K | +5.8% |
| Boardman Township | $165.5K | $171K | +3.3% |
| Springfield Township | $178K | $182.7K | +2.7% |
Housing Supply in North Lima, OH
How many homes are available in North Lima, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The North Lima real estate market had 12 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The North Lima housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Lima, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in North Lima in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for North Lima, OH
How long does it take to sell a home in North Lima, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 185 Days | +2212.5% |
Summary: Homes in North Lima had an average of 185 days on market in Mar 2024, up by 2212.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in North Lima are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in North Lima; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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