Buffalo, NY 14220 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

Property Taxes

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.

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. The primary market indicator shows a recent representative sale with a $222,000 median sold price, which suggests current market value is anchored around this level and that transaction-backed pricing is modestly above asking benchmarks in the sample; up price momentum supports continued seller-side strength in valuations.
2. There is a meaningful spread between the $199,900 median listing price and the $222,000 median sold price, which may indicate pricing friction where sellers are testing the market and buyers are securing transactions at higher executed prices; monitor new listings for alignment to avoid prolonged listing periods.
3. Liquidity appears muted given the 317 median days on market, which generally signals slower sales velocity and longer negotiation windows; slower transaction timelines may prompt sellers to adjust expectations or offer concessions to accelerate closings.
4. Market context shows moderate interest rate pressure and a rising rent environment alongside a neutral market temperature, implying owners face stable financing costs while rental demand supports holding value—consider targeted buy-and-hold strategies where rent of $1,200 and a $176 median price per square foot align with local rental and valuation patterns.

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.