Buffalo, NY 14212 Real Estate Market Report

ZIP Code: 14212
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

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Buffalo, NY market are averaging 6.30%, reflecting a stable environment for property owners compared to the broader 2026 rate trends.

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 primary valuation signal is the median sold price of $174,900, which anchors current market value and suggests recent transaction activity centers around that price point; representative recent sale supports pricing decisions for SFR and condo assets.

2. Transaction tempo is slow with a median days on market of 329, which may indicate slower sales velocity and pricing friction despite completed transactions being recorded at the median sold price.

3. Price and rental trends are both positive: the median price per square foot is $138 and the median market rent is $1,200 while broader indicators show year-over-year price trends are up and rent trends are up, supporting steady income prospects for hold strategies.

4. Market balance appears neutral—market temperature is neutral and interest rate pressure is moderate with local 30-year fixed mortgage rates averaging 6.30%, which suggests financing costs are stable but still a material consideration for buyers and investors.

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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.