Buffalo, NY 14212 Real Estate Market Report

ZIP Code: 14212
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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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.

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Key Findings

1. $174,900 median sold price is the best current indicator of market value and suggests recent transactions are occurring well above the median listing price, which may reflect seller pricing strength relative to asking levels.

2. 340 days median days on market signals slower sales velocity and potential liquidity friction even as other indicators point to a hot market; sellers should consider pricing and staging strategies to accelerate closings.

3. 125.43085088682574 median price per square foot provides a precise local valuation benchmark for underwriting and comparables in this ZIP code area.

4. $1,309 median market rent combined with a 0.897% property tax rate points to stable rental demand and predictable holding costs for buy-and-hold scenarios, though investors should model elevated financing costs explicitly due to elevated interest rate pressure.

5. $121,400 median listing price versus the higher median sold price suggests potential pricing disconnects that may lead to negotiation leverage for sellers if market momentum continues, but buyers may encounter pricing friction while rates remain elevated.

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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.