Buffalo, NY 14214 Real Estate Market Report

ZIP Code: 14214
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.

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Key Findings

1. $256,000 is the primary indicator of market value based on recent transactions, signaling that realized prices are below asking levels in the current cycle and that the median sold price should guide valuation and underwriting decisions.

2. $297,950 median listing price versus the median sold price suggests a material pricing gap where seller expectations exceed recent transaction prices, which may indicate pricing friction that brokers should address through staging, pricing adjustments, or targeted marketing.

3. 281 median days on market points to slower sales velocity and moderate liquidity; sellers and investors should expect longer marketing periods and plan financing/timing accordingly.

4. $181 median price per square foot and $1,300 median market rent, combined with an upward price trend and upward rent trend, imply cautious but improving valuation fundamentals while elevated interest rate pressure (elevated) continues to constrain affordability and buyer activity.

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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.

Buffalo, NY 14214 Real Estate Market Report

ZIP Code: 14214
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

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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.

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Key Findings

1. The primary indicator of market value is the median sold price of 216,500, which represents recent transaction activity and suggests a modestly firm price level in the neighborhood.

2. Pricing depth shows a median price per square foot of 271, which, combined with a median market rent of 1,195, suggests price points that remain relevant for both owner-occupiers and renter-buyer comparisons; use these metrics for unit-level valuation checks.

3. Year-over-year momentum is positive with prices and rents both trending up; however, the overall market temperature is neutral, so expect balanced negotiation leverage rather than aggressive moves from either side.

4. Interest rate context is important: interest rate pressure is elevated, which may slow buyer qualification and could contribute to pricing friction despite the upward price and rent trends.

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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.