Buffalo, NY 14220 Real Estate Market Report

ZIP Code: 14220
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

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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 is the median sold price: $224,450, which should be treated as the representative recent sale level when setting offer and listing strategies in ZIP 14220; up price momentum supports seller pricing power.

2. Median days on market is 303, which signals slower sales velocity and suggests agents may need to manage expectations on time-to-contract and use targeted marketing or pricing cadence to reduce days on market; treat this as moderate liquidity rather than acute weakness.

3. Median price per square foot is $181 while median market rent is $1,200; these fixed reference points support valuation comparisons between SFR and condo opportunities and indicate rental demand is contributing to price support as rent trends are up.

4. Market temperature is characterized as hot with inventory described as relatively constrained active supply in the analyzed sample, so sellers can pursue firm pricing but should be prepared for the observed slower market velocity; interest rate pressure is moderate, a cautionary factor to monitor for near-term buyer affordability shifts.

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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.