Is Elmira, NY 14904 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 14904 sold above their list price, the typical home went under contract in 86 days and there were 6 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 45 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 49%, homes sold more slowly (67 days then) and the median sale price rose 5% to $120,448. Overall, Elmira is less competitive than a year ago, which gives buyers more room.

Within Chemung County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Elmira ranks #556 of 649 NY ZIP codes with enough sales (score 33 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.