Buffalo, NY Home Values & Market Trends
Real estate market trends reflect that there have been 5,612 transactions over the past year in Buffalo. The median value for residential home transactions that occurred over the previous year is $210,247.25. The number of current listings in Buffalo is 189, and the percentage of properties for sale in the city is 189.00%. Buffalo, NY currently has 940 properties in foreclosure, 12 bank owned properties, 17 properties headed for auction, and 189 properties for sale.
Buffalo, NY Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
14215 | $ 99,900 $ 72/sqft | 14220 | $ 197,598 $ 139/sqft |
14221 | $ 347,177 $ 194/sqft | 14214 | $ 475,000 $ 158/sqft |
14224 | $ 253,077 $ 165/sqft | 14227 | $ 215,000 $ 205/sqft |
14206 | $ 128,100 $ 90/sqft | 14226 | $ 227,335 $ 150/sqft |
14217 | $ 239,900 $ 161/sqft | 14201 | $ 300,001 $ 200/sqft |
14210 | $ 136,450 $ 67/sqft | 14222 | $ 640,600 $ 207/sqft |
14225 | $ 192,666 $ 132/sqft | 14211 | $ 91,606 $ 69/sqft |
14216 | $ 325,595 $ 165/sqft | 14209 | $ 165,000 $ 44/sqft |
14207 | $ 149,900 $ 132/sqft | 14212 | $ 127,404 $ 85/sqft |
14213 | $ 175,642 $ 120/sqft | 14204 | $ 162,625 $ 119/sqft |
14228 | $ 376,286 $ 201/sqft | 14202 | $ 702,100 $ 272/sqft |
14223 | $ 250,157 $ 172/sqft | 14208 | $ 91,950 $ 99/sqft |
14218 | $ 239,950 $ 150/sqft | 14203 | $ -- $ -- |
14219 | $ 208,329 $ 160/sqft |
Housing Market Summary for Buffalo, NY
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $169.9K | $201.7K | 18.73% |
Median Sold Price | $184.9K | $201.7K | 9.10% |
Homes For Sale | 284 | 167 | -41.20% |
Homes Sold | 2,445 | 3,014 | 23.27% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Buffalo, NY
Browse Homes in Buffalo, NY
Buffalo home values range from $20,000 to $11,140,569. The median estimated value of a home in Buffalo is $210,247.25. The median list price of a home is 199,900, and the total count of properties in the city is 130,400.
- Pre-ForeclosurePre-foreclosure homes account for 0.70% of all residential properties in Buffalo, NY with 14215 containing 130 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 27 zips within Buffalo, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $541,858 in 14202 to the lowest home value of $35,494 in 14204.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Buffalo, NY ranges from the highest value of $0 in 14226 to the lowest value of $59,494 in 14208. Bank owned homes and properties account for 0.01% of properties in Buffalo, NY. There are 27 zips within Buffalo, NY; 14213 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions14224 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Buffalo, NY. Auction homes and other auction properties account for 0.01% of all properties in Buffalo, NY. There are 27 zips within Buffalo, NY; of those zips, the median estimated home value for homes going to auction ranges from $274,605 in 14221 to the lowest value of $49,874 in 14221.
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Guide for Buffalo, NY
An increase is house prices but a slowdown of homes sold in September
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.