Buffalo, NY 14208 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Key Findings

1. The primary market indicator, the 195,500 median sold price, signals current market value based on transactions and suggests recent realized appreciation relative to listing expectations; seller strength in closed sales appears present given observed trends.
2. There is a meaningful gap between the 149,900 median listing price and the median sold price, which may indicate pricing friction where sellers' initial expectations differ from final transaction prices; adjustment between list and sale may be required for quicker closings.
3. Sales velocity appears slow when contextualizing the 321 median days on market, which suggests longer marketing times and reduced liquidity even as broader indicators show a hot market; extended marketing durations may pressure sellers to reprice or offer concessions to accelerate transactions.
4. Market-strength signals are supported by a 115 median price per square foot and a 1,400 median market rent alongside trend data showing prices and rents are up and market temperature is hot, while interest rate pressure is labeled moderate, implying continued investor and renter interest but some financing caution.

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.