Elmira, NY metro area Housing Market
Cold MarketComprehensive housing market data for the Elmira, NY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$154K
↑ 17.1% YoY
Days on Market
103 days
↑ 22.6% YoY
Active Inventory
228
↓ 16.8% YoY
Homes Sold
57
↓ 1.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Elmira, NY metro area Market Summary
The Elmira, NY metro area housing market is cooling down. As of March 2026, the median home sale price is $154K, up 17.1% year-over-year. Homes are spending a median of 103 days on the market, 22.6% longer than a year ago.
There are 228 homes for sale — 16.8% fewer than last year. With 4.0 months of supply, this is a balanced market. 92 new listings were added during this period, down 3.2% year-over-year.
Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 15.8% of homes sell above their asking price. 13.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. New York Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 65% below the national median, which could indicate stronger cash flow potential.
Elmira, NY metro area Market Trends
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Detailed Market Metrics
Median List Price
$160K
Price per Sq Ft
$96
Sale-to-List Ratio
96.0%
Months of Supply
4.0
Sold Above List
15.8%
Price Drops
13.2%
New Listings
92
↓ 3.2% YoY
Pending Sales
79
Off Market in 2 Weeks
34.2%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.