Buffalo, NY 14211 Real Estate Market Report

ZIP Code: 14211
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Buffalo, NY (ZIP: 14211) is characterized by a median sold price of $119,900, reflecting a competitive environment where homes are frequently selling above their listing prices. The neighborhood has increased 15% since 2023, indicating a strong upward trend in property values. Despite this price appreciation, the market is experiencing elevated inventory levels, which may suggest a slight cooling in sales velocity as the median days on market stands at 271 days.

The market temperature is currently classified as hot, supported by a median listing price of $134,900, which creates a notable pricing gap that may indicate seller expectations are outpacing current buyer activity. With median market rent at $1,309, the rental sector is also showing robust demand, further emphasizing the overall strength of the local economy and real estate market dynamics.

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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 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 the Buffalo, NY area around 5.97% are notably lower than the 6.85% average seen one year ago, presenting a cost-saving 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 $119,900 reflects strong market activity, with a notable 15% increase since 2023.

2. The median days on market of 271 days suggests a slower sales velocity, indicating potential pricing friction.

3. With a median listing price of $134,900, there is a significant gap between listing and sold prices, which may indicate pricing pressure on sellers.

4. The market temperature is currently hot, indicating strong demand relative to available inventory.

5. The median market rent of $1,309 shows consistent year-over-year increases, signaling ongoing demand in the rental sector.

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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.