Horseheads's real estate market is experiencing a price correction, with values down 27.0% from last year. Home prices have increased 38.9% in the past month alone. With 4.0 months of supply, Horseheads's inventory levels remain relatively tight. Homes are now taking an average of 79 days to sell, significantly longer than the 46 days typical for this market. Only 3.6% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Horseheads market with the affordability index at 58.3. Based on current market indicators, home prices in Horseheads are projected to decrease by approximately 3.3% over the next month.