Buffalo, NY 14215 Real Estate Market Report

ZIP Code: 14215
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Buffalo NY 14215 market are averaging 6.49%, reflecting a stable environment for property owners compared to the broader 2026 average of 6.40%.

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 neighborhood's primary market value is indicated by 168,950 as the median sold price, and with the local price year-over-year trend reported as down, this suggests recent slight softening in realized transaction prices.

2. A high median days on market of 284 signals slower sales velocity, which may indicate pricing friction or longer listing periods even as the overall market temperature is described as neutral.

3. The median listing price of 149,900 sits alongside the median sold price, creating a notable listing-to-sale price dispersion that appears to reflect pricing friction and mixed seller expectations; monitor for continued divergence before altering offer strategies.

4. Median market rent of 1,300 combined with a rent year-over-year trend of up supports persistent rental demand, but elevated interest rate pressure (current average 30-year fixed rate ~6.49%) may constrain purchase activity—investors should weigh stronger rent growth against higher financing costs.

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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.