Housing in Lima, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — April 2025

Median Sale Price

$88,400

Median List Price

N/A

Price Per Sq Ft

$60

Days on Market

115

Active Inventory

1

Months of Supply

1.0

Seller's market

Price Trends

Source: Redfin
Sale Price ↓ 36.6%Oct 24 → Apr 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

98.3%

Buyer's market

Sold Above Asking
0.0%
Listings with Price Drops
100.0%

Market Activity

Source: Redfin

Homes Sold

1

Homes Sold ↑ 0.0%Oct 24 → Apr 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$60

Sale $/SF ↓ 54.5%Oct 24 → Apr 25

Lima vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Lima is highlighted.

Median Home Value

Median Price Per Sq Ft

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$89,200

Median Rent

N/A

Total Housing Units

83

Vacancy Rate

9.6%

Owner Occupied

77.3%

Renter Occupied

22.7%

Median Property Tax

$1,654

per year

Monthly Cost (w/ Mortgage)

$540

Housing Types

Single Family
88.0%
Multi-Family
0.0%
Mobile Home
12.1%

The current median sale price in Lima, IL is $88,400 according to Redfin data. Homes spend a median of 115 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $60. About 77.3% of housing units are owner-occupied. The median year homes were built is 1953. There are 83 total housing units.