Is Hammondsport, NY 14840 a buyer’s or seller’s market?

The Hammondsport housing market right now

In the three months ending August 31, 2026, 27% of homes in Hammondsport, NY 14840 sold above their list price, the typical home went under contract in 77 days and there were 4.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (27% then), homes sold more slowly (34 days then) and the median sale price rose 28% to $494,786. Overall, Hammondsport is less competitive than a year ago, which gives buyers more room.

Within Steuben County, homes here sell more slowly than in 81% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Hammondsport ranks #493 of 649 NY ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Woodhull 14898 (0% sold over asking) or Troupsburg 14885 (0% sold over asking), while Jasper 14855 (100% sold over asking) and Pulteney 14874 (100% sold over asking) are even more competitive.