Buffalo, NY 14207 Real Estate Market Report

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

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Executive Overview

The real estate market in Buffalo, NY (ZIP: 14207) is currently characterized by a median sold price of $164,900, reflecting a stable market with modest price appreciation. The neighborhood has seen prices trend up year-over-year, indicating a positive shift in market dynamics. Although the median listing price stands at $157,450, the gap between listing and sold prices suggests potential pricing friction as sellers adjust expectations to align with actual sales activity.

Market activity appears to be balanced, with median days on market at 285, indicating slower sales velocity. Elevated inventory levels are present, suggesting excess supply relative to sales activity. This environment may lead to a more cautious approach from buyers, especially in light of moderate interest rate pressure affecting overall affordability. Despite these challenges, rental demand remains strong, with a median market rent of $1,309, further supporting the stability of the local 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

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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.

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Key Findings

1. The median sold price of $164,900 indicates a stable market with modest appreciation.

2. Elevated inventory levels suggest excess supply relative to sales activity, impacting sales velocity.

3. The median days on market of 285 reflects slower transaction volume, which may indicate buyer hesitation.

4. Median market rent is $1,309, showing strong rental demand in the area, which supports overall market stability.

5. Moderate interest rate pressure may affect buyer affordability, leading to cautious purchasing decisions.

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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.