Buffalo, NY 14206 Real Estate Market Report

ZIP Code: 14206
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Buffalo real estate market in February 2026 showcases a median sold price of $171,000, reflecting a competitive landscape despite elevated interest rate pressure. The neighborhood has increased up since 2023, indicating a positive trend in market value. The median listing price stands at $150,000, suggesting some pricing friction as sellers adjust expectations to align with buyer demand.

Transaction activity appears moderate, with 277 days on market indicating slower sales velocity. The local economy remains robust, supporting housing demand, yet elevated interest rates may introduce challenges for prospective buyers. Overall, the market is characterized by elevated inventory levels, creating a dynamic where buyers may find opportunities amidst the competitive environment.

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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 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 the Buffalo, NY market average around 6.09% as of February 2026, which is 0.78% lower than the 6.87% average from one year prior.

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 median sold price of $171,000 indicates a strong market value, reflecting recent buyer activity.

2. With a median listing price of $150,000, there is notable pricing friction between seller expectations and market realities.

3. The median days on market of 277 suggests a slower sales velocity, indicating potential challenges for sellers in moving properties quickly.

4. Market conditions are described as hot, suggesting strong buyer interest despite elevated interest rate pressure.

5. The median market rent of $1,309 is up, indicating a growing demand for rental properties in the area.

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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.