Is Elmira, NY 14901 a buyer’s or seller’s market?

The Elmira housing market right now

In the three months ending August 31, 2026, 25% of homes in Elmira, NY 14901 sold above their list price, the typical home went under contract in 80 days and there were 6.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 33 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold more slowly (68 days then) and the median sale price rose 42% to $113,701. Overall, Elmira is less competitive than a year ago, which gives buyers more room.

Within Chemung County, homes here sell faster than in 54% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Elmira ranks #599 of 649 NY ZIP codes with enough sales (score 24 out of 100).

Nearby, buyers who want less competition could look at Breesport 14816 (0% sold over asking) or Pine City 14871 (22% sold over asking), while Chemung 14825 (100% sold over asking) and Erin 14838 (100% sold over asking) are even more competitive.