Current Price

$115,722

1 Month Forecast

â–² $123,615

1-Year Forecast *

â–² $129,736

5-Year Forecast *

â–² $136,402

"Is it a good time to buy homes in Elmira?" "Does investing in real estate in Elmira (New York State, Chemung County) worth it?" According to our live Forecast System, buying a house in Elmira is a good short-term (1-year) investment*. The Elmira average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Elmira" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Elmira in New York State, Chemung County. If you are looking for homes for sale with good flipping profit, Elmira can be a profitable property investment option. The median price of an average house in Elmira was 115,722 USD on 2026-02-15. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elmira" area is 136,402 USD by 2031-02-15. For a 5-year investment the profit is expected to be around +17.87% meaning that investing 100000 USD today may yield a profit of 17,870 USD by 2031.

Current Median Listing Price: 115,722 USD Median Listing Price Per Square Foot: 64 USD

Elmira Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Elmira (New York State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Elmira Price Target

Elmira median home price target in 12 months: $129,736* (upside of 12.1%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $127,160 $124,011 $123,741 $127,160
2024 $110,097 $115,722 $109,887 $115,888
2023 $0 $110,127 $0 $110,480
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Elmira Housing Market Forecast

How much does an average home cost in Elmira today?

The value of an average home (the listing price) in Elmira is $115,722 USD.

What is the average price per square foot in Elmira?

According to Walletinvestor the median price per square foot in Elmira is 64 USD.

Will the median listing price of homes in Elmira grow / rise / go up?

Yes. The Elmira home prices may rise from 115,722 USD to 129,736 USD in one year.

Is it profitable to invest in Elmira homes?

Yes. The long-term profit potential is +12.11% in one year.

Will Elmira house prices fall / drop?

No. See above.

What is the predicted price of a Elmira home in 2030?

The predicted home sales price of a Elmira home in 2030 in Elmira is 137,448 USD.

What is the predicted price of a Elmira home in 2035?

The predicted home sales price of a Elmira home in 2035 in Elmira is 151,182 USD.

Will real estate prices decrease in Elmira?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elmira is the 1446. largest city in the United States, located in New York State.

During the last 12 months the real estate prices in Chemung, Elmira decreased, looking at the past 12 months.

According to Walletinvestor's Elmira real estate market research, home values will increase in the next 12 months.

Median home values decreased by 8.457% to 115,722 USD, between 2025-02-15 and 2026-02-15

The average annual profit of property investment was:

  • 11.000% in 2021
  • 13.520% in 2022
  • 10.910% in 2023
  • 11.960% in 2024
  • 13.300% in 2025
  • 13.980% in 2026

Based on our Elmira real estate market research and report the predicted sales prices will increase by 213.652% in the next 10 years.

Over the last 12 months, the value of homes in Elmira fluctuated: increasing 2 times and decreasing 3 times.

Elmira (New York) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Elmira Housing Market Forecast with Real Estate Prices for 2025
August 2025 123615 113478 133751
September 2025 123581 116907 130254
October 2025 123345 111011 135680
November 2025 124067 112033 136102
December 2025 125184 116296 134072
Elmira Housing Market Forecast with Real Estate Prices for 2026
January 2026 126719 115187 138250
February 2026 128072 117954 138189
March 2026 128993 119060 138925
April 2026 129445 118831 140060
May 2026 129726 117531 141920
June 2026 129833 116979 142686
July 2026 129736 118449 141023
August 2026 129646 120312 138981
September 2026 131236 118900 143572
October 2026 130464 119766 141162
November 2026 129179 117682 140676
December 2026 128071 121411 134730
Elmira Housing Market Forecast with Real Estate Prices for 2027
January 2027 127732 119046 136417
February 2027 127751 119575 135927
March 2027 128011 120842 135179
April 2027 127602 118670 136534
May 2027 127567 118765 136369
June 2027 127324 119430 135218
July 2027 128069 119616 136521
August 2027 129222 118884 139559
September 2027 130806 118379 143233
October 2027 132203 120701 143704
November 2027 133153 126229 140077
December 2027 133620 125202 142038
Elmira Housing Market Forecast with Real Estate Prices for 2028
January 2028 133910 123599 144221
February 2028 134021 126247 141794
March 2028 133920 122805 145035
April 2028 133828 125932 141724
May 2028 135469 127476 143461
June 2028 134672 122282 147062
July 2028 133346 123211 143480
August 2028 132201 125063 139340
September 2028 131852 119457 144246
October 2028 131872 123036 140707
November 2028 132140 125004 139275
December 2028 131717 122365 141069
Elmira Housing Market Forecast with Real Estate Prices for 2029
January 2029 131681 123780 139582
February 2029 131430 124070 138791
March 2029 132200 124929 139471
April 2029 133390 120718 146062
May 2029 135025 123278 146772
June 2029 136467 124867 148066
July 2029 137448 128102 146795
August 2029 137930 128551 147309
September 2029 138229 127723 148734
October 2029 138343 127276 149411
November 2029 138240 126904 149575
December 2029 138144 126540 149748
Elmira Housing Market Forecast with Real Estate Prices for 2030
January 2030 139838 131448 148228
February 2030 139016 128312 149720
March 2030 137646 130627 144666
April 2030 136465 125548 147383
May 2030 136104 129163 143046
June 2030 136125 127277 144973
July 2030 136402 129309 143494
August 2030 135966 129167 142764
September 2030 135928 124511 147346
October 2030 135670 122374 148965
November 2030 136464 128003 144924
December 2030 137692 125437 149946
Elmira Housing Market Forecast with Real Estate Prices for 2031
January 2031 139380 131435 147325
February 2031 140868 127204 154532
March 2031 141881 130531 153232
April 2031 142379 133836 150922
May 2031 142687 134697 150678
June 2031 142805 129382 156229
July 2031 142698 131996 153401
August 2031 142600 129623 155577
September 2031 144349 131501 157196
October 2031 143500 131446 155554
November 2031 142086 132851 151322
December 2031 140867 127485 154249
Elmira Housing Market Forecast with Real Estate Prices for 2032
January 2032 140494 129395 151593
February 2032 140516 132647 148385
March 2032 140801 131508 150094
April 2032 140351 130246 150457
May 2032 140313 133016 147609
June 2032 140045 126881 153210
July 2032 140865 130864 150867

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.