Buffalo, NY 14213 Real Estate Market Report

ZIP Code: 14213
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Buffalo market in February 2026 demonstrates a median sold price of $238,000, reflecting strong underlying demand and a competitive environment. The neighborhood has increased 15% since 2023, indicating a robust appreciation in property values. Despite this positive trend, the market is characterized by elevated inventory levels, which may suggest a slower sales velocity as buyers navigate a landscape of higher prices relative to previous years.

Transaction activity appears moderate, with 279 days on market indicating a slower pace of sales. This extended duration may reflect buyer hesitance amid fluctuating mortgage rates, currently averaging 5.98%. The median listing price stands at $209,900, which creates a notable pricing gap that could influence buyer expectations and market dynamics moving forward. Overall, the market remains hot, supported by positive economic factors in healthcare and education, but faces challenges from elevated inventory relative to sales activity.

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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 market average around 5.98% compared to recent lows near 5.74% seen earlier in 2026, suggesting a slight tightening of borrowing costs for new purchases.

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. $238,000 is the median sold price, indicating strong demand and a 15% increase since 2023, reflecting robust market appreciation.

2. 279 days on market suggests a slower sales velocity, which may indicate buyer hesitance in the current pricing environment.

3. The median listing price of $209,900 creates a pricing gap that could affect buyer expectations and market dynamics.

4. The market temperature is classified as hot, supported by positive local economic factors, particularly in healthcare and education.

5. $1,309 is the median market rent, which has also shown an upward trend, indicating increasing rental demand.

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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.