Buffalo, NY 14215 Real Estate Market Report

ZIP Code: 14215
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the Buffalo, NY market reflects a median sold price of $169,900, indicating a strong market presence despite recent fluctuations. The neighborhood has increased up since 2023, showcasing resilience in property values. The market appears to be experiencing hot conditions, with a notable gap between the median listing price of $149,900 and the median sold price, suggesting that seller expectations may be adjusting to current market realities.

Transaction activity is characterized by elevated inventory levels, with a median days on market of 221 days, indicating slower sales velocity. This extended time frame may suggest potential pricing friction, as buyers are taking longer to make decisions in a market with elevated interest rate pressure. Overall, the combination of a strong median sold price and slower transaction volume indicates a market that is stabilizing, albeit with some caution as it navigates these economic pressures.

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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 near 6.21% in February 2026, which is comparable to rates seen earlier in 2026, suggesting recent locking may not have secured a significant advantage.

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 stands at $169,900, reflecting a strong market despite recent fluctuations.

2. Median days on market are 221 days, indicating slower sales velocity and potential pricing friction.

3. The median listing price of $149,900 suggests a significant gap between seller expectations and actual sales, highlighting market adjustments.

4. Market conditions are classified as hot, indicating strong buyer interest despite elevated inventory levels.

5. Elevated interest rate pressure is impacting buyer decisions, contributing to the slower transaction pace.

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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.