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Foreclosure Homes in Lima, NY

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Lima, NY Foreclosures

Current Market Conditions in in Lima, NY As of April 2026?
In the past month, Lima has seen a modest increase in home sales activity, correlating with the typical seasonal uptick in real estate as more buyers emerge in the spring. Listings are moving faster, with average days on the market decreasing, showing a slight increase in competition among buyers. This could indicate a shift towards a seller's market if the trend continues.
How much do homes sell for in Lima, NY?
The average home price is currently $333,853.
In Lima, NY, how many homes are available?
There are currently 2 active home listings available in Lima.
What’s the average rental cost in Lima, NY?
The average rental price in Lima is $1,495.
What is the most expensive home in Lima?
The most expensive home sold in Lima had a price of $8,016,540.
What is currently the cheapest priced home in Lima, NY?
The cheapest home for sale in Lima is priced at $10,090.

Living in Lima, NY

Lima, NY, is a peaceful small town situated in the Finger Lakes region with a welcoming community and beautiful scenery. The area offers a variety of outdoor activities, excellent local schools, and is conveniently located near larger urban centers. It's an ideal location for anyone seeking a quieter lifestyle with easy access to amenities and services.

Buyer vs Seller Market in Lima, NY

Lima's real estate market is stable, with a mix of single-family homes, townhouses, and rural properties available. The demand for homes in Lima has been strong, thanks to its appealing lifestyle and proximity to the Finger Lakes, drawing both local buyers and those relocating for a quieter life.

Current market trends indicate a slight increase in home prices over the past year, reflecting the desirability of the area. As more people seek refuge from urban life, Lima is becoming an attractive option for buyers looking for quality homes at reasonable prices.

Home Value Estimator For Lima, NY

There are currently 1,365 real estate properties in Lima, NY, with a median automated valuation model (AVM) price of $291,950.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lima, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lima, NY, is $333,853.00, with the most expensive house in Lima, NY, topping out at $8,016,540.00 and the cheapest home in Lima, NY, clocking in at $10,090.00. In other words, there’s something for every potential homebuyer or savvy investor in Lima, NY!

Rent Prices In Lima, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lima, NY, is on a rollercoaster ride. The average rent price in Lima, NY, is $1,495.00. Indeed, when looking to rent in Lima, NY, you can expect to pay as little as $650.00 or as much as $2,120.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Lima, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lima, NY Foreclosures

Market Trend for Lima, NY

Total Listings Available: 2

Market Values:

Home Prices from $10,090 to $8,016,540

Average Sales Price: $333,853

Rental Values:

Rental from $650 to $2,120

Average Rent Value: $1,495 / month

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