Market Intelligence Report — NY-300

Elmira, NY

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

Ref. No: 2026-NY-08
As of the latest 2026 data
Very Competitive

Median Listing

$176K
+17.4% YoY

Pending Ratio

1.05
+1.4% YoY

Active Inventory

219
-1.4% YoY

Median DOM

58 Days
-29.9% YoY

Primary Intelligence Tool — Sold Score™

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The Elmira market is characterized by robust demand, with a pending ratio of 1.05 indicating absorption significantly outstripping available inventory. This condition is underscored by a substantial 17.4% year-over-year increase in the median listing price.

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%+0.0 pp YoY

Unemployment rate · Jul 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.

Active listings have shown a slight contraction, decreasing by 1.4% year-over-year, while new listings also saw a modest decline of 4.3% over the past year. Concurrently, the median days on market has fallen sharply by 29.9% year-over-year, reflecting accelerated transaction velocity. The pending ratio has risen by 1.4% year-over-year, further emphasizing heightened buyer activity relative to supply.

Historical Analysis

Market Trends

Median Price

$176K+0.5% MoM

Active Inventory

219-1.4% YoY

Days on Market

58-29.9% YoY

Sold Score™

81+1.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

81
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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 rapid absorption of available properties, evidenced by a pending ratio exceeding 1.0, suggests that properties are moving quickly once listed. This environment creates considerable pressure on buyers to act decisively, allowing sellers to maintain price discipline. Inventory levels do not appear to offer much leverage for protracted negotiations.

Luxury Segment

While the average listing price increased by 13.8% year-over-year, which is less than the median listing price increase of 17.4% year-over-year, this differential is not sufficiently pronounced to indicate distinct luxury-segment softness. No distinct luxury-segment signal in this dataset.

Supply Dynamics

219 active listings represent the current floor, with new supply arriving at roughly 88 per month.

Pricing Pressure
15.7%

of active listings carry a price reduction, +6.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +7.6% year-over-year.

Absorption
1.05

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Elmira, NY? Homes here are taking 25 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
105%
Median Days on Market
58 days
Inventory YoY
−1%

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