Buffalo, NY 14204 Real Estate Market Report

ZIP Code: 14204
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

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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 the Buffalo, NY 14204 market are averaging 6.30%, reflecting a stable environment for property owners compared to the broader 2026 rate trends.

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 primary market value indicator is the 141,000 median sold price, which positions recent transaction activity near this representative recent sale and suggests pricing stability rather than dramatic appreciation or decline; with neutral market temperature, sellers can expect measured pricing outcomes.

2. The long median days on market of 325 points to slower sales velocity and notable pricing friction; this may indicate that sellers should set realistic expectations on time-to-contract and consider targeted improvements or flexible terms to accelerate offers.

3. The median price per square foot of 99.72 and a median market rent of 1,634 together frame both purchase and rental comparisons; given the up rent year-over-year trend, owners considering rentals may find improving rent momentum while remaining mindful of the measured sales pace.

4. Interest-cost context is moderate: with moderate interest rate pressure and local 30-year fixed rates averaging 6.30%, financing remains a meaningful consideration for buyers — pricing should reflect a balance between buyer affordability constraints and the neighborhood’s current transaction-level pricing.

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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.