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NY Avg Real Estate Commission Rate in Elmira, New York

Elmira is a city in Chemung County, New York, United States. It is the principal city of the Elmira, New York Metropolitan Statistical Area, which encompasses Chemung County, New York. The population was 29,200 at the 2010 census. It is the county seat of Chemung County.

The City of Elmira is in the south-central part of the county, surrounded on three sides by the Town of Elmira. It is in the Southern Tier of New York, a short distance north of the Pennsylvania state line.

 

Elmira, New York Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Elmira, New York. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Elmira, New York, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Northeast rose 3.2%, to $282,300, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of New York, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Albany-Schenectady-Troy $210,300 3.70%
Binghamton $109,000 3.30%
Buffalo-Cheektowaga-Niagrara Falls $140,000 8.00%
Dutchess County-Putnam County $274,700 3.80%
Elmira $111,600 -3.50%
Glenn Falls $162,800 -6.20%
Kingston $201,700 -0.50%
Nassau County-Suffolk County $466,700 5.40%
New York-Jersey City-White Plains, NY-NJ $384,500 4.90%
New York-Newark-Jersey City, NY-NJ-PA $414,000 4.70%
Rochester $137,900 2.50%
Syracuse $129,200 0.60%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in New York.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2000, there were 30,940 people, 11,475 households, and 6,701 families residing in the city. The population density was 4,229.5 people per square mile (1,632.0/km²). There were 12,895 housing units at an average density of 1,762.7 per square mile (680.2/km²). The racial makeup of the city was 82.03% White, 13.05% Black or African American, 0.39% Native American, 0.49% Asian, 0.03% Pacific Islander, 1.37% from other races, and 2.64% from two or more races. Hispanic or Latino of any race were 3.14% of the population.

There were 11,475 households out of which 31.1% had children under the age of 18 living with them, 35.3% were married couples living together, 18.4% had a female householder with no husband present, and 41.6% were non-families. 34.5% of all households were made up of individuals and 13.6% had someone living alone who was 65 years of age or older. The average household size was 2.37 and the average family size was 3.05.

In the city, the population was spread out with 25.1% under the age of 18, 13.0% from 18 to 24, 29.9% from 25 to 44, 18.2% from 45 to 64, and 13.8% who were 65 years of age or older. The median age was 33 years. For every 100 females there were 101.2 males. For every 100 females age 18 and over, there were 98.2 males.

The median income for a household in the city was $27,292, and the median income for a family was $33,592. Males had a median income of $31,775 versus $22,350 for females. The per capita income for the city was $14,495. About 17.9% of families and 23.1% of the population were below the poverty line, including 32.6% of those under age 18 and 12.1% of those age 65 or over.

The Elmira Metropolitan Statistical Area (or Elmira MSA) is frequently used for statistical information such as labor rates and includes all of Chemung County with a population in 2000 of 90,070.

The Elmira MSA was ranked as the 59th safest place to live out of 344 Metro Areas in 2005 by Morgan Quitno Press.

The three largest ethnic groups in Elmira are Irish, German and Italian.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Elmira - New York