Buffalo, NY 14206 Real Estate Market Report

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

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Executive Overview

As of April 2026, the real estate market in Buffalo, NY (ZIP: 14206) is characterized by a robust median sold price of $175,000, reflecting strong demand and active transaction activity. The neighborhood has increased up since 2023, indicating a positive trend in property values. The market is currently experiencing a hot temperature, suggesting heightened buyer interest and competitive conditions.

Despite the elevated inventory levels, with a moderate sales activity, homes are selling quickly, often above asking price. The median days on market stands at 285, which, while indicating slower sales velocity, does not detract from the overall strong demand. The median listing price of $134,400 suggests a pricing gap that may reflect seller expectations versus market realities, further emphasizing the dynamic nature of this market.

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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.

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Key Findings

1. The median sold price of $175,000 indicates strong market performance and buyer demand.

2. With a median listing price of $134,400, there appears to be a significant pricing gap relative to sold prices, suggesting potential pricing friction.

3. The market temperature is classified as hot, reflecting elevated buyer interest and competitive conditions.

4. The median days on market of 285 suggests a slower sales velocity, which may indicate moderate interest rate pressure affecting transaction speed.

5. The median market rent of $1,309 shows a strong rental demand, with rents generally increasing despite localized fluctuations.

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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.