Buffalo, NY 14211 Real Estate Market Report

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

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Executive Overview

The median sold price in Buffalo, NY (ZIP: 14211) is $119,900, reflecting a stable market environment. This price indicates a robust demand relative to the available inventory, as evidenced by the strong market temperature categorized as hot. The neighborhood has shown consistent price appreciation, suggesting a favorable climate for sellers despite the elevated interest rate pressure currently affecting the broader market.

With a median days on market of 305, properties are taking longer to sell, which may indicate a slower sales velocity. However, the elevated inventory levels compared to the number of sold properties suggest that while demand remains strong, the market is experiencing some friction in transactions. The median listing price stands at $129,900, which creates a notable gap between asking and sold prices, reflecting seller expectations that may not align with current buyer sentiment.

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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 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 average around 6.38% to 6.69%, which is slightly lower than the 6.65% average recorded a year ago for property owners in this market.

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. $119,900 is the median sold price, indicating a strong demand relative to inventory levels.

2. The market temperature is classified as hot, suggesting ongoing buyer interest despite external pressures.

3. Properties are taking a median of 305 days to sell, indicating a slower sales velocity in the current market.

4. The median listing price of $129,900 shows a significant gap compared to the median sold price, suggesting potential pricing friction for sellers.

5. Rental demand remains strong with a median market rent of $1,309, reflecting a growing rental market in the area.

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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.