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Featured local agent — Elmira, NY
Sarah Mitchell
Compass Real Estate · Elmira, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elmira, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$69,000median sale price
How is the Elmira, NY housing market right now?
The median home sale price in Elmira, NY is $69,000, down 40.9% year-over-year. Homes sell in an average of 74 days with 114 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elmira a buyer's or seller's market?
Elmira, NY is currently a buyer's market, based on 6.7 months of supply and homes selling in about 74 days. How we determine this →
Homes sold
17
Last 12 weeks
Days on market
74
Average pace
Active listings
114
6.7 months supply
Sale-to-list
99.6%
Below asking
What does the Elmira housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $69,000 |
| Median list price | $117,000 |
| Year-over-year price change | -40.9% |
| Average days on market | 74 days |
| Active inventory | 114 listings |
| Months of supply | 6.7 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $45/sq ft |
| Homes sold (latest month) | 17 |
| New listings (latest month) | 42 |
| Listings with a price cut | 14.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Elmira by property type?
How the Elmira, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $67,000 | $41/sq ft | 13 | 106 days |
| Townhouse | $72,500 | $28/sq ft | 1 | 23 days |
Source: Redfin · Updated monthly
The Elmira housing market is currently classified as a buyer's market with a median sale price of $69,000. Prices have fallen 40.9% compared to last year, with homes spending an average of 74 days on market, indicating 6.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Elmira
There are currently 114 homes listed for sale in Elmira, New York. The median listing price is $117K.
Active listings
114
Homes on market
Median list price
$117K
Avg. days on market
74
Days until sale
New this week
42
Newly listed
Who lives in Elmira?
Population
26,349
Median income
$43,089/yr
Median age
36.5 years
Owner-occupied
51.4%
College grads
18.7%
Avg commute
19.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Elmira?
Zillow home value
$131,598
Zillow rent index
$1,158/mo
Price-to-rent ratio
9.5x
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Elmira?
Elmira is a community of approximately 26K residents with a median age of 36.5 years.The median household income is $43,089, which represents a working-class community with solid middle-income opportunities. 18.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 51.4%, showing a blend of owner and renter-occupied properties. The average commute time is 19.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elmira offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elmira?
12 schools tracked · 5,376 students
The largest public schools serving Elmira, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ELMIRA HIGH SCHOOL
Grades 10-12 · 1,255 students
ERNIE DAVIS ACADEMY
Grades 7-8 · 797 students
BROADWAY ACADEMY
Grades 9 · 413 students
PARLEY COBURN SCHOOL
Grades 3-6 · 410 students
FINN ACADEMY: AN ELMIRA CHARTER SCHOOL
Grades K-6 · 394 students
HENDY AVENUE SCHOOL
Grades 3-6 · 381 students
RIVERSIDE ELEMENTARY
Grades PK-2 · 377 students
BROADWAY ELEMENTARY SCHOOL
Grades 3-6 · 363 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elmira, NY?
Want a head-to-head view? Compare Elmira side-by-side with any other U.S. city using our market-comparison tool.
Is Elmira a good real estate investment market?
For investors evaluating Elmira, the price-to-rent ratio of 9.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 40.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elmira's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elmira's median home price.
Frequently asked questions
What is the average home price in Elmira?
The median home sale price in Elmira is $69,000, down 40.9% from last year.
How long do homes stay on market in Elmira?
Homes typically spend 74 days on market before going under contract.
What is the median income in Elmira?
The median household income is $43,089 per year.
Is Elmira a buyer's or seller's market?
With 6.7 months of supply, Elmira is currently a buyer's market.
What is the Zillow home value estimate for Elmira?
The Zillow Home Value Index (ZHVI) for Elmira is $131,598, representing the typical home value in the area.
How much does a single-family home cost in Elmira?
The median single-family home price in Elmira, NY is $67,000 (about $41 per square foot).
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