February 2026 Housing Market Report
The housing market in Lima and Allen County continues to stay active as we move through early 2026. While some markets across the country have slowed, our local market is still showing strong home values and steady buyer activity.
If you’re thinking about downsizing, selling your current home, or buying a home in Lima, Ohio, these numbers can give you a helpful snapshot of what’s happening right now.
Let’s break down the latest market report and what it means for homeowners in our area.
📈 Home Prices Continue to Rise
One of the biggest highlights from the February 2026 market report is that home prices are still climbing in Lima and Allen County.
The average sale price for homes in our market reached:
$206,277
That’s an increase of 14.9% compared to February of last year.
This continued price growth shows that demand for homes in the area remains strong. Many buyers are still eager to move into the community, which keeps upward pressure on prices.
For homeowners who have been considering selling, this means your home may be worth more than you think.
💰 Median Sale Price Saw an Even Bigger Jump
Another important number to watch in real estate is the median sale price, which often gives a clearer picture of the typical home sale.
In February:
Median sold price: $187,000
That’s a 19.1% increase year over year.
This is a significant jump and a strong sign that home values across a wide range of properties are appreciating, not just a few higher-end homes.
For many families and empty nesters in Lima, this increase in equity can open the door to new opportunities — including downsizing into a home that better fits your current lifestyle.
📉 Inventory Remains Tight
While prices have risen, the number of homes available for sale is still limited.
The absorption rate (which measures how quickly homes sell based on current inventory) is now:
1.65 months of inventory
Last year at this time, it was 1.87 months.
In real estate, a balanced market typically has 4–6 months of inventory, so our market remains firmly in seller-friendly territory.
What does that mean?
- Homes that are priced correctly are still selling
- Buyers are competing for available homes
- Well-prepared sellers are seeing strong results
⏳ Homes Are Taking Slightly Longer to Sell
One change we’ve seen compared to last year is that homes are taking a little longer to sell.
The average days on market in February was:
47 days
That’s about 20% longer than this time last year.
But don’t let that number worry you.
Even though homes are staying on the market a bit longer, 47 days is still a very healthy timeframe. What we’re seeing is that buyers are simply becoming a little more selective and thoughtful with their decisions.
In today’s market, pricing, presentation, and marketing matter more than ever.
📊 What This Means for Homeowners
Here’s the simple takeaway from the February market report:
✔ Home values are still rising
✔ Inventory remains low
✔ Buyers are still active
✔ But they’re taking a little more time to choose the right home
For homeowners who have been considering selling, this combination can create a great opportunity.
Especially for those who are thinking about downsizing in Lima, Ohio. Many empty nesters are discovering they can sell their larger home at today’s higher values and move into a home that better fits their lifestyle.
Less maintenance.
Less space to manage.
More freedom to enjoy the next chapter.
Thinking About Selling Your Lima, Ohio Home?
If you’ve been wondering what your home might be worth in today’s market, now is a great time to find out.
At Team Mangini Real Estate, we specialize in helping homeowners sell their homes in Lima, Ohio and navigate the process of buying their next home at the same time.
We’ll walk you through:
- Your home’s current market value
- What buyers are looking for right now
- The best strategy to sell and move smoothly
📩 Send us a message and we’ll run the numbers for your home.
If you’re ready to sell your Lima, Ohio home or start planning your next move, Team Mangini Real Estate is here to help. 🏡