Buffalo, NY 14216 Real Estate Market Report

ZIP Code: 14216
Report Date: May 2026
Market Temperature: HOT
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 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.

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Key Findings

1. The neighborhood's primary market value indicator, the median sold price, is $324,900, which reflects realized transaction values and aligns with a market direction that is up for prices year-over-year.

2. There is a meaningful gap between the median listing price of $452,400 and the median sold price, which may indicate pricing friction or seller expectations above recent transaction levels rather than faster absorption of new asks.

3. Market velocity shows slower transactions relative to typical hot markets: the median days on market is 280, which points to extended time to close deals even as the broader market temperature is classified as hot.

4. Rental demand appears supportive: the median market rent is $1,275 and rent is trending up year-over-year, while interest rate pressure is described as moderate, suggesting financing costs are a caution but not an immediate constraint on 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.