Buffalo, NY 14208 Real Estate Market Report

ZIP Code: 14208
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Buffalo housing market in April 2026 reflects a median sold price of $133,450, indicating a stable market with modest price appreciation. Although specific historical sold price change data is not available, the current median sold price suggests a favorable environment for sellers, especially given the $154,450 median listing price, which may create pricing friction for buyers.

Market velocity appears to be slower, with a median days on market of 326 days, indicating that properties are taking longer to sell. This could suggest a potential disconnect between seller expectations and buyer readiness, particularly in a market characterized by elevated inventory levels relative to sales activity. Overall, the market temperature is neutral, reflecting balanced conditions despite the modest upward trend in rental prices, which are currently at $1,310 per month.

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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 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 $133,450 reflects a stable market with potential for modest appreciation.

2. Median days on market at 326 indicate slower sales velocity, suggesting potential pricing friction for sellers.

3. Elevated inventory levels relative to sales activity may lead to increased competition among sellers.

4. The median listing price of $154,450 suggests that sellers are optimistic, but may face challenges in achieving their asking prices.

5. Rising rental demand is evident with a median market rent of $1,310, indicating strong local economic growth.

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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.