Market Intelligence Report — NY-500

Corning, NY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NY-09
As of the latest 2026 data
Very Competitive

Median Listing

$240K
+1.9% YoY

Pending Ratio

0.85
-39.7% YoY

Active Inventory

226
+12.5% YoY

Median DOM

51 Days
-13.7% YoY

Primary Intelligence Tool — Sold Score™

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The Corning, NY housing market is currently Very Competitive, driven by a pending ratio of 0.85. This metric indicates that demand for residential properties significantly outpaces available inventory, placing upward pressure on market activity. Despite a year-over-year decline in the pending ratio, the absolute level remains elevated.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Corning market right now.

Active listings have increased by 12.5% over the past year, while new listings grew by 8.1% during the same period. Median listing prices have experienced modest growth, rising 1.9% year-over-year to $240,225. Median days on market have decreased by 13.7% year-over-year, reflecting a quicker absorption of available homes. Pending listings, at 191, contribute to the high pending ratio.

Historical Analysis

Market Trends

Median Price

$240K+2.3% MoM

Active Inventory

226+12.5% YoY

Days on Market

51-13.7% YoY

Sold Score™

80-39.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

80
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest a rapid absorption pace, where available inventory is quickly moving into contract. The high pending ratio underscores significant pressure on inventory levels, necessitating swift decision-making from prospective purchasers. This environment generally demands price discipline from sellers, given the robust demand for available properties.

Luxury Segment

The average listing price has grown by 17.4% over the past year, while the median price increased by 1.9%, leading to an elevated average-to-median spread. Concurrently, median price per square foot experienced a slight year-over-year decline of 1.0%. This divergence suggests a segment of the higher-priced inventory may be experiencing differing absorption trends compared to the broader market.

Supply Dynamics

226 active listings represent the current floor, with new supply arriving at roughly 80 per month.

Pricing Pressure
16.1%

of active listings carry a price reduction, +5.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.0% year-over-year.

Absorption
0.85

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Corning, NY? Homes here are taking 8 days less to sell than last year.

Demand in Corning, NY is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
85%
Median Days on Market
51 days
Inventory YoY
+12%

Demand is strong in Corning, NY. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Corning, NY
CBSA Code
18500
State
NY
Analysis FAQ
  • What is the current market condition in Corning?+

    As of the latest 2026 data, the Corning metro is classified as Very Competitive. Pending ratio is 0.85 with median days on market at 51.

  • Are home prices dropping in Corning?+

    Median listing price is $240K, +1.9% year over year. 16.1% of active listings carry a price reduction.

  • How fast are homes selling in Corning?+

    The typical listing sits 51 days on market, a -13.7% change YoY. New listings are arriving at 80 per month.

  • What's happening in the Corning luxury market?+

    The average listing price has grown by 17.4% over the past year, while the median price increased by 1.9%, leading to an elevated average-to-median spread. Concurrently, median price per square foot experienced a slight year-over-year decline of 1.0%. This divergence suggests a segment of the higher-priced inventory may be experiencing differing absorption trends compared to the broader market.

  • Where can I find a trusted Corning real estate expert?+

    Primpted maintains a vetted registry of Corning agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 18500 · 36mo history