Is Chemung, NY 14825 a buyer’s or seller’s market?
Chemung is a seller’s market. With about 1.6 months of supply and 100% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Chemung housing market right now
In the three months ending August 31, 2026, 100% of homes in Chemung, NY 14825 sold above their list price, the typical home went under contract in 185 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Within Chemung County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell more often over asking than in 69%.
Nearby, buyers who want less competition could look at Breesport 14816 (0% sold over asking) or Pine City 14871 (22% sold over asking).
Run the numbers for 14825
Nearby markets
Big Flats 14814Seller’s market $114 /sq ftBreesport 14816Seller’s market $97 /sq ftElmira 14901Buyer’s market $65 /sq ftElmira 14903Seller’s market $127 /sq ft Browse all markets →Where Chemung is
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Questions about Chemung real estate
Is Chemung a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Chemung, NY 14825 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Chemung?
The typical home went under contract in 185 days in the latest three months.
Do homes in Chemung sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 106.0% of the list price.
What are property taxes in Chemung?
About 2.45% of a home’s value a year in Chemung County, or roughly $9,800 on a $400,000 home.
What is the median home price in Chemung?
The median sale price was $317,263 in the three months ending August 31, 2026, about $143 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology