Buffalo, NY 14220 Real Estate Market Report

ZIP Code: 14220
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Buffalo, NY is $219,700, reflecting a robust market dynamic. This indicates a strong appreciation trend, with prices generally moving up year-over-year. The market remains competitive, characterized by elevated demand and relatively constrained active supply, which suggests that buyers are facing challenges in finding suitable properties.

Transaction activity is marked by a median of 248 days on market, indicating a slower sales velocity, which may suggest some pricing friction as sellers adjust their expectations to align with market realities. Despite elevated interest rate pressure, the local economy supports continued price growth, making this a critical period for both buyers and sellers in navigating the market effectively.

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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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Buffalo, NY market average around 6.11% compared to recent lows near 5.55%, suggesting property owners locked in a favorable rate recently.

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

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Key Findings

1. The median sold price of $219,700 indicates strong market performance and buyer interest.

2. With a median days on market of 248, the market is experiencing slower sales velocity, suggesting potential pricing adjustments may be needed.

3. The median listing price stands at $217,449.50, closely aligning with sold prices, indicating a balanced expectation among sellers.

4. Market conditions are described as hot, reflecting strong demand and competitive bidding among buyers.

5. The median market rent of $1,309 continues to rise, indicating robust rental demand in the area.

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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.