Buffalo, NY 14217 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. 251,500 — The neighborhood's median sold price is the primary indicator of recent market value; with a median sold price of 251,500 that exceeds the median listing price of 232,450, this suggests seller pricing power and that recent transactions have cleared above typical asking levels (up).
2. 31 days on market suggests moderate sales velocity; combined with elevated inventory relative to sales activity in the sample, this appears to create some pricing friction where properties may remain available longer before closing.
3. Market conditions are hot by market temperature metrics, which, despite elevated interest rate pressure, point to continued demand for SFR and condominium product (elevated interest rate pressure), so affordability-driven buyer inflows may be sustaining transaction levels.
4. Valuation and rent context: the median price per square foot is 177 and the median market rent is 1,250, with rents showing a year-over-year upward trend (up), indicating rental demand is firm even as higher financing costs persist.

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.