Buffalo, NY 14201 Real Estate Market Report

ZIP Code: 14201
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Buffalo, NY (ZIP: 14201) reflects a robust environment, with the median sold price standing at $390,450. This figure indicates a strong market presence, particularly as the neighborhood has increased in value, aligning with a broader trend of rising prices. The median listing price of $404,950 suggests that sellers are optimistic, although the gap between listing and sold prices may indicate some pricing friction as buyers navigate the market.

Market activity remains notable, characterized by 238 days on market for sold properties, which points to a slower sales velocity. Despite this, the market temperature is classified as hot, suggesting that demand is still strong relative to available supply. Elevated inventory levels are present, which may provide buyers with more options, yet the overall sales activity remains moderate, indicating a balanced dynamic in the market.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Buffalo, NY are averaging 6.38%, which is 0.3% higher than the 6.67% average seen in March 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $390,450 reflects a strong demand in the market, suggesting increasing buyer interest.

2. With a median listing price of $404,950, there is a notable gap that may indicate pricing friction</Highlight as sellers adjust expectations.

3. Properties are taking a median of 238 days on market, indicating a slower sales velocity despite the hot market temperature.

4. The median market rent has reached $1,309, reflecting a growing rental demand in the area.

5. Current interest rate pressure is described as moderate, suggesting potential for future market adjustments.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.