Market Intelligence Report — NY-300

Elmira, 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

$179K
+2.6% YoY

Pending Ratio

0.89
-8.2% YoY

Active Inventory

236
+3.7% YoY

Median DOM

57 Days
-22.8% YoY

Primary Intelligence Tool — Sold Score™

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The Elmira market is currently classified as Very Competitive, with a pending ratio of 0.89 indicating strong demand absorption relative to available inventory. This market condition prevails despite an 8.2% year-over-year contraction in the pending ratio, suggesting continued robust buyer activity. The median listing price has shown modest appreciation, up 2.6% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

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

Job Market

4.0%+0.1 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

80,415-0.5% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Elmira market right now.

Inventory dynamics reveal a slight expansion in active listings, up 3.7% year-over-year, alongside an 11.6% increase in new listings over the same period. Despite this, the high pending ratio signals that new supply is being absorbed quickly. The median days on market has declined significantly, registering a 22.8% year-over-year reduction, reinforcing the accelerated pace of transactions. While the price-reduced share saw a 4.7% increase year-over-year, the overall market remains characterized by brisk demand.

Historical Analysis

Market Trends

Median Price

$179K+2.0% MoM

Active Inventory

236+3.7% YoY

Days on Market

57-22.8% YoY

Sold Score™

82-8.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

82
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 elevated pending ratio and significantly reduced days on market suggest a rapid transaction pace, placing upward pressure on pricing. Buyers face a competitive environment where prompt decision-making is often required to secure properties. The swift absorption of available homes, as evidenced by the high pending ratio, limits buyer options and can reduce opportunities for extensive price negotiation.

Luxury Segment

The average listing price increased 9.5% year-over-year, outpacing the 2.6% rise in the median listing price, and the median $/sqft also rose 6.6% over the past year. However, with no further detailed stratification of price tiers, there is no distinct luxury-segment signal in this dataset to interpret for potential softness.

Supply Dynamics

236 active listings represent the current floor, with new supply arriving at roughly 96 per month.

Pricing Pressure
15.5%

of active listings carry a price reduction, +4.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.6% year-over-year.

Absorption
0.89

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Elmira, NY? Homes here are taking 17 days less to sell than last year.

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

Buyer Demand Index
89%
Median Days on Market
57 days
Inventory YoY
+4%

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

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Metro Demographics

Metro Area
Elmira, NY
CBSA Code
21300
State
NY

ZIPs in Elmira, NY

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Elmira?+

    As of the latest 2026 data, the Elmira metro is classified as Very Competitive. Pending ratio is 0.89 with median days on market at 57.

  • Are home prices dropping in Elmira?+

    Median listing price is $179K, +2.6% year over year. 15.5% of active listings carry a price reduction.

  • How fast are homes selling in Elmira?+

    The typical listing sits 57 days on market, a -22.8% change YoY. New listings are arriving at 96 per month.

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

    The average listing price increased 9.5% year-over-year, outpacing the 2.6% rise in the median listing price, and the median $/sqft also rose 6.6% over the past year. However, with no further detailed stratification of price tiers, there is no distinct luxury-segment signal in this dataset to interpret for potential softness.

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

    Primpted maintains a vetted registry of Elmira 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 21300 · 36mo history