Real Estate Market Update for 14840 (Hammondsport, NY)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 13% from one year earlier, and up 13% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just over 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 26%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 220-thousand dollars. The number of units sold was consistent year-over-year, and decreased 25% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 14840 (Hammondsport, NY)
Area Information for 14840 (Hammondsport, NY)
  • Population: 3,021
  • Median Age: 50.52 yr
  • Median Commute Time: 20.52 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 51/sq mi
  • Population Change Since 2000: -8.18%
  • Closest Airport: Elmira/corning Regional
  • Closest College: Keuka College
  • Closest Jr. College: Corning Community College
  • Median Household Income: $51,883
  • Annual Residential Turnover: 15.72%
  • Median Years in Residence: 3.75 yr
  • Median Home Sales Price: $170,984
  • Closest Major Sports Team: Binghamton Mets
  • Change Avg. Household Income Since 2000: 36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 14840 (Hammondsport, NY)
Median Age: 50.52 Married: 43% Number of Households: 1,323 Households with Children: 277
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 14840 (Hammondsport, NY)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Glenn Curtiss Memorial School 2.7 mi Public K-6 2-5 4
      Hammondsport Junior/senior High School 2.7 mi Public 7-12 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 14840 (Hammondsport, NY)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.