Buffalo, NY 14201 Real Estate Market Report

ZIP Code: 14201
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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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.

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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.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Buffalo, NY are 6.3% compared to the 6.0% average observed earlier in 2026, indicating property owners in this market are currently facing higher borrowing costs.

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

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Key Findings

1. The neighborhood's primary indicator, median sold price, is 377,000; combined with a neutral market temperature, this suggests recent transactions support a modestly rising price backdrop rather than a market surge or collapse.

2. The observed median days on market is 288, which indicates slower sales velocity and notable pricing friction—transactions are completing but at a longer cadence, implying buyers may be negotiating or waiting for clear value propositions.

3. The median price per square foot is 215 alongside a median market rent of 1,250, and with rent year-over-year trend reported as up, this points to strengthening rental demand that supports price per square foot stability for owners and investors.

4. The current 30-year fixed mortgage rate is 6.3% versus 6.0% earlier in 2026, reflecting moderate interest rate pressure; this higher cost of borrowing may temper buyer affordability and could slow purchase velocity unless compensated by local income or rent growth.

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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.

Buffalo, NY 14201 Real Estate Market Report

ZIP Code: 14201
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Buffalo, NY are 6.3% compared to the 6.0% average observed earlier in 2026, indicating property owners in this market are currently facing higher borrowing costs.

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

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Key Findings

1. median sold price is the primary indicator of market value and recent transaction activity, but the exact median sold price is not provided in the supplied metrics, so analysis relies on the transaction sample (total sold properties analyzed: 20) and trend signals; use recent sold transactions as the best available price signal.

2. price year-over-year trend: up — the market shows an upward price trajectory while the market temperature remains neutral, which suggests modest appreciation pressure but overall balance; neutral market temperature implies pricing gains may be gradual rather than rapid.

3. median market rent: 1,195 and rent year-over-year trend: up indicate strengthening rental demand and rising rents, which may support investor interest in SFR and condominium assets; rental growth can provide upside for buy-and-hold strategies.

4. interest rate pressure: moderate — borrowing costs are a headwind for affordability; Current 30-year fixed mortgage rates in Buffalo, NY are 6.3% compared to the 6.0% average observed earlier in 2026, indicating property owners in this market are currently facing higher borrowing costs, which may temper buyer urgency and extend negotiation windows; higher borrowing costs.

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Notable Properties

The following 3 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.