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Foreclosure Homes in Elmira, NY

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Elmira, NY Foreclosures

How much do homes sell for in Elmira, NY?
The average home price is currently $158,273.
In Elmira, NY, how many homes are available?
There are currently 102 active home listings available in Elmira.
What’s the average rental cost in Elmira, NY?
The average rental price in Elmira is $1,083.
What is the most expensive home in Elmira?
The most expensive home sold in Elmira had a price of $36,918,368.
What is currently the cheapest priced home in Elmira, NY?
The cheapest home for sale in Elmira is priced at $4,617.

Living in Elmira, NY

Elmira, NY is a thriving city located in Chemung County known for its historical significance and scenic beauty. Offering a range of amenities, outdoor activities, and a welcoming community atmosphere, Elmira is perfect for those looking to enjoy both urban living and natural surroundings. Residents benefit from a good school system and quick access to major highways and public transport.

Current Market Conditions in Elmira, NY

Elmira's real estate market has shown stability, with a growing interest from homebuyers looking for affordable housing options. The average home prices remain lower than the national average, making it an attractive market for first-time buyers and investors alike.

The demand for homes in Elmira is steadily increasing, driven by the area's quality of life and affordability. Real estate developments are rising, giving buyers more choices in terms of styles and neighborhoods.

Home Value Estimator For Elmira, NY

There are currently 17,140 real estate properties in Elmira, NY, with a median automated valuation model (AVM) price of $122,872.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elmira, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Elmira, NY, is $158,273.00, with the most expensive house in Elmira, NY, topping out at $36,918,368.00 and the cheapest home in Elmira, NY, clocking in at $4,617.00. In other words, there’s something for every potential homebuyer or savvy investor in Elmira, NY!

Rent Prices In Elmira, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elmira, NY, is on a rollercoaster ride. The average rent price in Elmira, NY, is $1,083.00. Indeed, when looking to rent in Elmira, NY, you can expect to pay as little as $570.00 or as much as $3,320.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Elmira, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Elmira, NY Foreclosures

Market Trend for Elmira, NY

Total Listings Available: 102

Market Values:

Home Prices from $4,617 to $36,918,368

Average Sales Price: $158,273

Rental Values:

Rental from $570 to $3,320

Average Rent Value: $1,083 / month

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