Buffalo, NY 14213 Real Estate Market Report

ZIP Code: 14213
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: 14213) is $229,900, reflecting a strong appreciation in the area. This indicates a competitive market environment where buyers are actively engaging with available properties. The neighborhood has experienced an upward price trend, suggesting robust demand despite the broader market stability.

Current market conditions reveal elevated inventory levels, with a median days on market of 306, indicating slower sales velocity. This may suggest that while buyer interest remains strong, the supply of homes is not being absorbed as quickly, leading to a potential pricing friction between seller expectations and market realities. The median listing price stands at $197,000, which is notably lower than the sold price, highlighting a gap that may affect future listing strategies.

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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 6.38% as of March 26, 2026, which is 0.27% lower than the 6.65% average from one year prior.

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 $229,900 suggests strong buyer demand in the area, indicating a competitive market environment.

2. With a median days on market of 306, the market is experiencing slower sales velocity, which may indicate pricing friction.

3. The median listing price of $197,000 is significantly lower than the sold price, suggesting potential adjustments needed in seller expectations.

4. Market temperature is currently hot, reflecting strong buyer interest and competitive bidding situations.

5. The median market rent is $1,309, which may indicate a divergence in rental trends compared to the broader area, where rents are increasing.

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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.