Elmira Housing Market Report December 2024•Chemung County, New York

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Housing Prices in Elmira, NY

How much do homes in Elmira, NY cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$119,900$83/SqFt

Based on all homes listed in the last 12 months

Insight

The list price of homes in Elmira has remained the same since last year.

Summary: The median home list price in Elmira was $119,900 in December 2024, the same as the previous year, and the median price per square foot was $83.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1-$50K
N/A
2$43K$87.5K
+103.5%
3$119.9K$120K
0.1%
4$132.4K$145.7K
+10.0%
5$74.9K$115K
+53.4%

Summary: Elmira housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +103.5%. The home price for 3 bedroom homes increased by 0.1%. The home price for 4 bedroom homes increased by +10.0%. The home price for 5 bedroom homes increased by +53.4%.

Housing supply in Elmira, NY

How many homes are available in Elmira, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
152Last MonthDec 2024
1312 months agoNov 2024
+16.0 %
Change MoMNov – Dec

Summary: The Elmira real estate market had 152 homes for sale in Dec 2024, a 16.0 % increase compared to Nov 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
22026
+30.0%
36274
+19.4%
43233
+3.1%
51618
+12.5%

Summary: Elmira housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +30.0%. The inventory for 3 bedroom homes increased by +19.4%. The inventory for 4 bedroom homes increased by +3.1%. The inventory for 5 bedroom homes increased by +12.5%.

Asking Price vs. Sold Price

How much do homes in Elmira, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Elmira, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Elmira in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for Elmira, NY

How long does it take to sell a home in Elmira, NY?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Elmira are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in Elmira; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
93 DaysThis YearDec 2024
133 Days1 year agoDec 2023
-29.5 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Elmira had an average listing age of 93 days in Dec 2024, down by 29.5% compared to the previous year.

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Newest Listings in Elmira, NY

What homes are available in Elmira, NY?

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MLS Disclaimers and Copyright

Based on information from Elmira-Corning Regional Association of REALTORS® MLS, Northern Mountains of Pennsylvania MLS, and New York State Alliance of MLS for the period 01/01/2023 - 01/01/2025

IDX IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

2025 © Elmira-Corning Regional Association of Realtors® Multiple Listing Service
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:17:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information is provided by Northern Mountains of Pennsylvania MLS. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Northern Mountains of Pennsylvania MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:16:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.