$4,097 Closing Credit*
$345,000
2 Beds
•2 Full Baths
Traci Hardy, Listing Office: Burgan Real Estate
Is North Lima, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 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
$241,500
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$76,000(-23.9%)
Key Takeaway
Homes in North Lima have sold for 23.9% less than they did a year ago.
Summary: The median home sold price in North Lima was $241,500 in October 2024, down 23.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198.5K | $155K | -21.9% |
| 3 Bedrooms | $210K | $290K | +38.1% |
| 4 Bedrooms | $415K | $305K | -26.5% |
| 5+ Bedrooms | $450K | $450K | 0.0% |
Summary: North Lima housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 38.1%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Boardman Township | $167K | $193K | +15.6% |
| Springfield Township | $174.9K | $187K | +6.9% |
| Beaver Township | $314.9K | $257.4K | -18.3% |
| North Lima | $317.5K | $241.5K | -23.9% |
Housing Supply in North Lima, OH
How many homes are available in North Lima, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The North Lima real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Lima housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in North Lima in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 24 Days | -25.8% |
Summary: Homes in North Lima had an average of 24 days on market in Oct 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Lima are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in North Lima; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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