Buffalo, NY 14207 Real Estate Market Report

ZIP Code: 14207
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Buffalo, NY (ZIP: 14207) is $169,900, reflecting a robust market despite some localized price cooling. This indicates a strong appreciation trend, as the area remains competitive, with demand significantly outpacing the available inventory. The market has shown an upward trajectory, with prices increasing year-over-year, suggesting continued buyer interest and investment potential.

Market velocity appears to be moderate, with 248 days on market indicating slower sales activity. Elevated inventory levels relative to sales activity may suggest a need for sellers to adjust expectations, as the current median listing price of $154,950 indicates a notable gap compared to sold prices. This pricing friction may lead to a reassessment of strategies for both buyers and sellers in the coming months.

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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

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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 Buffalo NY around 5.95% are slightly lower than the 6.19% average seen one month ago, suggesting a minor cost opportunity for property owners.

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 $169,900 indicates strong market performance, despite some localized cooling.

2. With 248 days on market, the area is experiencing slower sales velocity, suggesting a need for strategic pricing adjustments.

3. The median listing price of $154,950 shows a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Market conditions are characterized as hot, reflecting strong demand and competition despite elevated inventory levels.

5. The median market rent is $1,309, indicating a stable rental market that may attract investor interest.

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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.