Buffalo, NY 14207 Real Estate Market Report

ZIP Code: 14207
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in Buffalo NY 14207 are 6.30%, reflecting the prevailing market benchmark for May 2026.

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 neighborhood's most reliable value signal is the 165,000 median sold price, which indicates a representative recent sale level and suggests pricing that buyers are willing to complete transactions at; given the neutral market temperature, sellers should set offers near this level to avoid extended time on market.

2. There is a noticeable spread between the 159,150 median listing price and the median sold price, which may indicate some listing-side optimism or pricing friction that sellers should address by aligning expectations with recent closed sales.

3. Slower sales velocity is evident from a 281 median days on market, which appears to reflect elongated time to transact and suggests sellers may need stronger pricing, staging, or concessions to improve liquidity in a neutral market.

4. Local price and rent trends are constructive for investors: price year-over-year is up and rent year-over-year is up, while interest rate pressure is elevated (current comparable 30-year fixed mortgage rate 6.30%), so prospective investors should underwrite deals using conservative financing assumptions and factor in rising rents when modeling cash flow.

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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.