Buffalo, NY 14216 Real Estate Market Report

ZIP Code: 14216
Report Date: June 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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. $374,900 is the median sold price and should be treated as the primary indicator of market value and recent transaction activity; this representative recent sale level aligns with the observed up price trend and suggests modest appreciation in the neighborhood.

2. The 296 days median days on market signals noticeably slower sales velocity, which may indicate pricing friction or longer decision timelines for buyers; sellers should expect extended marketing periods and plan pricing and contingencies accordingly with slower sales velocity.

3. The $218 median price per square foot paired with the $1,314 median market rent frames valuation and rentability for SFR and condo assets; rising rent trends (rent year-over-year trend is up) support rental income resilience without implying specific yield levels.

4. Market balance shows a neutral market temperature while the sample exhibits relatively constrained active supply; elevated interest rate pressure is present (elevated), so expect financing headwinds to temper transaction volumes and to increase sensitivity to pricing and condition — consider targeted pricing and buyer financing support strategies to maintain momentum with elevated interest rate pressure.

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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.