Chemung County, NY Home Values & Market Trends
The median home price in Chemung County, NY is $126,818.11. There were 1,243 home sales in Chemung County, NY over the past 12 months. The median residential Chemung County, NY home value for transactions over the previous year is $92,500. The number of current listings in Chemung County, NY is 184, and the percentage of properties for sale is 184.00%. The county has 168 foreclosures, 7 bank owned properties, 7 headed for auction, and 184 properties for sale.
Chemung County, NY Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Elmira | $ 103,306 $ 68/sqft | Van Etten | $ 102,500 $ 150/sqft |
| Horseheads | $ 178,680 $ 103/sqft | Chemung | $ 175,387 $ 82/sqft |
| Pine City | $ 157,040 $ 109/sqft | Lowman | $ -- $ -- |
| Big Flats | $ 235,148 $ 110/sqft | Erin | $ 255,870 $ 81/sqft |
| Millport | $ 194,145 $ 88/sqft | Wellsburg | $ 119,747 $ 133/sqft |
| Breesport | $ 161,344 $ 74/sqft | Pine Valley | $ -- $ -- |
Housing Market Summary for Chemung County, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $129.9K | $118.4K | -8.81% |
| Median Sold Price | $0 | $118.4K | - |
| Homes For Sale | 215 | 169 | -21.40% |
| Homes Sold | 0 | 551 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Chemung County, NY
Browse Homes in Chemung County, NY
Chemung County, NY home values range from $15,706 to $1,206,189. Erin is the priciest city with a median listing home price of $329,900, and Lowman is most affordable with average house prices of around $54,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.57% of all residential properties in Chemung County, NY with Elmira containing 102 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 12 cities within Chemung County, NY; of those cities, the estimated home value for pre-foreclosure homes ranges from $498,435 in Lowman to the lowest home value of $34,622 in Elmira.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Chemung County, NY ranges from the highest value of $101,257 in Horseheads to the lowest value of $37,385 in Elmira. Bank owned homes and properties account for 0.03% of properties in Chemung County, NY. There are 12 cities within Chemung County, NY; Elmira containing 4 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsElmira has 6 auction properties, the highest number of properties going to auction in a single city in the state of Chemung County, NY. Auction homes and other auction properties account for 0.03% of all properties in Chemung County, NY. There are 12 cities within Chemung County, NY; of those cities, the median estimated home value for homes going to auction ranges from $133,067 in Elmira to the lowest value of $49,380 in Elmira.
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Guide for Chemung County, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
