Elmira Housing Market Report March 2025•Chemung County, New York

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Housing Prices in Elmira, NY

How much do homes in Elmira, NY cost?

Housing Market Conditions

Is Elmira, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Elmira is a Buyer's Market

Difference Since March 2024

At the same time last year, Elmira was a Seller's Market.

Insight

Elmira is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$129,991$86/SqFt
+$9,241
+7.7%

Based on all homes sold in the last 12 months

Insight

Homes in Elmira have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Elmira was $129,991 in March 2025, up 7.7% from last year, and the median price per square foot was $86.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Southport
+9.2%
Elmira
+7.7%

Median Sold Price By Bedrooms

Median Sold 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.
BedsMar 2024Mar 2025Change YoY
1$78K$75K
-3.8%
2$89.9K$97.9K
+8.8%
3$123K$130K
+5.7%
4$150K$150K
0.0%
5$135.9K$164.9K
+21.3%

Summary: Elmira housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -3.8%. The home price for 2 bedroom homes increased by +8.8%. The home price for 3 bedroom homes increased by +5.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +21.3%.

How does Elmira, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Elmira, NY

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
211Last MonthMar 2025
1712 months agoFeb 2025
+23.4 %
Change MoMFeb – Mar

Summary: The Elmira real estate market had 211 homes for sale in Mar 2025, a 23.4 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
29Last MonthMar 2025
402 months agoFeb 2025
-27.5 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
101
+100.0%
22828
0.0%
37390
+23.3%
44154
+31.7%
52938
+31.0%

Summary: Elmira housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +23.3%. The inventory for 4 bedroom homes increased by +31.7%. The inventory for 5 bedroom homes increased by +31.0%.

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 Price9 Homes

At Asking Price1 Home

Under Asking Price19 Homes

Insight

If you're buying a home in Elmira, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Elmira in March 2025, down by 27.5% month-over-month. Of the 29 sold homes, 66% were sold under asking, 3% were sold at asking, and and 31% 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 Days17 Homes

30 – 90 Days7 Homes

Over 90 Days4 Homes

Insight

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

Summary: During March 2025, 29 homes were sold in Elmira; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
37 DaysThis YearMar 2025
33 Days1 year agoMar 2024
+10.4 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Elmira had an average listing age of 37 days in Mar 2025, up by 10.4% 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 New York State Alliance of MLS, and Northern Mountains of Pennsylvania MLS for the period 04/01/2023 - 04/01/2025

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: 4/4/2025, 3:20:49 AM 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: 4/4/2025, 3:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.