Buffalo, NY 14204 Real Estate Market Report

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

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

Property Taxes

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.

Market Trends & Context

Key Findings

1. The primary market indicator is the median sold price of 108,000, which anchors local value expectations and reflects recently completed transactions rather than listing-level asking behavior.
2. Liquidity appears slow relative to typical market turnover: the median days on market is 349, which suggests slower sales velocity and potential pricing friction even as broader indexes show prices are up year-over-year.
3. Pricing and rent context show mixed signals: the median price per square foot is 94.17 alongside a median market rent of 1,695, which supports continued renter demand while price growth remains modest—market temperature is neutral.
4. External pressures are relevant for short-term activity: price trends are reported as up year-over-year and rent trends are also up, but interest rate pressure is elevated, which may constrain buyer financing and temper near-term transaction volume.

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.