Is Lima a buyer's or seller's market right now?

Lima is currently a buyer's market with 5.3 months of supply. 10.5% of homes sell above asking price, and 28.9% go pending within two weeks. The Ridley Sell Score for Lima is 26/100 (Emerging), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Lima?

The median home price in Lima is $80,000, down 47.9% year-over-year. The median price per square foot is $57. Homes sell in a median of 59 days with a sale-to-list ratio of 88.4%.

How much does it cost to sell a home in Lima, Ohio?

On a $80,000 home in Lima, a traditional listing agent charges around $2,400 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $6,400 or more. With Ridley Essentials ($999) you save $1,401, and with Ridley Pro ($3,499) you save -$1,099 while getting full agent support.

How does Ridley's flat fee compare to a traditional Lima agent?

A traditional Lima listing agent typically charges 3% of the sale price — about $2,400 on a $80,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $1,401–-$1,099 compared to a traditional agent.

How long does it take to sell a home in Lima?

The median home in Lima currently spends 59 days on the market before going under contract. 28.9% of homes go pending within two weeks. At a 88.4% sale-to-list ratio, sellers are seeing some negotiation. Only 18.8% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Ohio?

No. Ohio does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $80,000 home, that could save you up to -$1,099.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Ohio. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $2,400 commission.

National/Ohio

Lima, OH

Is Now a Good Time to Sell in Lima, Ohio?

The median home in Lima sells for $80,000 with prices down 47.9% year-over-year. The average seller pays $2,400 in commissions — Ridley’s flat fee saves you -$1,099.

Lima Real Estate Market Conditions — March 2026

26out of 100

Ridley Sell Score

How it's scored →

Emerging

26/100

A buyer-friendly market — Ridley's flat fee helps you keep more equity.

What this means for sellers

Lima is currently a buyer's market, and sellers should plan accordingly. Expect longer days on market and more price negotiation. The best strategy is to price competitively from day one, invest in presentation, and be open to concessions. Sellers who are patient and realistic about pricing can still close — and Ridley's flat fee means more of the sale price stays in your pocket.

Inventory TightnessFavors buyers

5.3 months of supply — above the 5-month balanced threshold, giving buyers more options. Ohio average is 3.

Price MomentumFavors buyers

Prices down 47.9% year-over-year — vs. +5.8% statewide.

Seller LeverageFavors buyers

Homes selling at 88.4% of asking — buyers are negotiating 11.6% below list. Ohio average is 97.3%.

Bidding ActivityFavors buyers

10.5% of homes selling above list price — 52% below the Ohio average of 21.7%.

Sale SpeedNeutral

59 median days on market — 6 days slower than the Ohio average.

Market UrgencyNeutral

28.9% of listings go pending within 2 weeks — vs. 36.5% statewide.

Price StabilityNeutral

18.8% of listings have dropped their price. Ohio average is 26.4%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$80,000

-47.9%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$57

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

88.4%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

5.3

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

10.5%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

18.8%

Well-priced market

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

28.9%

Slower pace

12-Month Price Trend

$115,000 → $80,000

▼30.4%

$160K$140K$120K$100K$80K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Lima — delivered monthly.

Your savings

How much can you save selling your home in Lima?

The average Lima homeowner saves -$1,099 by selling with Ridley instead of paying the traditional 3% listing commission on a $80,000 home.

$0Estimated savings

That covers your moving costs — save -1.4% of your home value

Your Lima home value

$80,000

$50,000$10M

Traditional Agent (3%)

$2,400

Ridley Pro (flat fee)

$3,499

Ready to sell in Lima?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Lima?

The total cost to sell a house in Lima in 2026 ranges from $999 with Ridley Essentials to approximately $2,400 with a traditional 3% commission on a $80,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$2,400	$3,499	$999	$0
Buyer agent	$2,2402.8% avg	$1,600~2% avg	$1,600~2% avg	$2,2402.8% avg
Closing costs (~1.5%)	$1,200	$1,200	$1,200	$1,200
Total cost	$5,840	$6,299	$3,799	$3,440
Net proceeds	$74,160	$73,701	$76,201	$76,560
You save	—	-$1,099	$1,401	$2,400No support