$380,000
51.30 Acres
Land
Holly Ritchie, Listing Office: Keller Williams Chervenic Rlty
Is North Lima, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, North Lima has remained a Seller's Market.
Key Takeaway
North Lima is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Lima, OH
How much do homes in North Lima, OH cost?
Median Sold Price
$390,000
$165/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$85,000(-17.9%)
Key Takeaway
Homes in North Lima have sold for 17.9% less than they did a month ago.
Summary: The median home sold price in North Lima was $390,000 in November 2024, down 17.9% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $475K | $125K | -73.7% |
| 4 Bedrooms | $1.4M | $465K | -68.2% |
| 5+ Bedrooms | $455K | - | N/A |
Summary: North Lima housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 73.7%, 4 bedroom homes decreased by 68.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Springfield | $171K | $820K | +379.5% |
| North Lima | $475K | $390K | -17.9% |
Housing Supply in North Lima, OH
How many homes are available in North Lima, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The North Lima real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The North Lima housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Lima, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in North Lima in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 79 Days | +231.7% |
Summary: Homes in North Lima had an average of 79 days on market in Nov 2024, up by 231.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Lima has remained consistent over time.
Summary: During November 2024, 5 homes were sold in North Lima; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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