Sep 2026
$168K
-2.7% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Elmira, NY housing market
Elmira, NY metro median sale price $168K in Sep 2026, down 2.7% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Elmira, NY metro is $168K as of Sep 2026, down 2.7% from a year earlier. That is the 27th-steepest year-over-year decline of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro points the other way: up 3.0% through Q2 2026.
Elmira has the lowest median sale price of the 13 New York metros Pecan Street tracks ($168K); Binghamton ($220K) is next. On median days on market, Elmira (57 days) ranks 5th of the 13 New York metros, between Poughkeepsie / Newburgh (58 days) and New York (56 days). On share of listings with a price cut, Elmira (35%) ranks 4th of the 13 New York metros, between Buffalo (35%) and Utica (31%).
Listings spent a median 57 days on market in Sep 2026. 35% of active listings carry a price cut, 10.9 points more than a year earlier. That share is lower than in most of the 385 metros. Median asking prices sit about 7% above the median sale price.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $919 a month; at 28% of gross income, that takes about $39K a year. The median sale price equals about 9 years of HUD Fair Market Rent, a ratio down 4.9% from a year earlier. That ratio is the 2nd-lowest of the 373 metros. Active listings ask a median $110 per square foot, up 9.0% from a year earlier.
Median list prices are higher than a year earlier in all four ZIP codes in the table below.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$919/mo
$39K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Elmira compares to other U.S. metros
| Price-to-rent | ↓372nd of 373 |
|---|---|
| Home-price growth | ↓357th of 383 |
| Price cuts | ↓231st of 385 |
| Days on market | 209th of 385 |
| Asking-vs-sale gap | 133rd of 292 (top 46%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 9 -4.9% YoY ↓372nd of 373 |
|---|---|
| Asking price / sq ft | $110 +9.0% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 35% +10.9 pts YoY ↓231st of 385 |
|---|
The median asking price $179K runs about 7% above the median sale price $168K.
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 4 shown of 15 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Recent notable readings
- Zillow home values were lower than a year earlier in none ZIP codes across the Elmira metro (Sep 2026): the 10th-lowest share among the 274 U.S. metros Pecan Street tracks with enough ZIP-level data to compare.
- The FHFA house price index for the metro has risen 83% since Q4 2007: the 38th-smallest rebound of the 382 metros whose prices fell.
Readings from the latest data that sit at one end of the U.S. metros Pecan Street tracks, from the nightly cross-metro comparison. They are not signal alerts.
Price reconciliation
red · 5.7ppRedfin (metro) -2.7% | FHFA HPI · Q2 2026 +3.0% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 14845 | $274K↑ | 62↓ | 24↑ | 24↑ | 54↓ | $229K↑ |
| 14901 | $122K↑ | 41↓ | 8 | 16↑ | 49↓ | $115K↑ |
| 14904 | $116K↑ | 52↓ | 28↓ | 16 | 53↓ | $109K↑ |
| 14905 | $195K↑ | 28↓ | 10↑ | 8↑ | 58↓ | $186K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.