Buffalo, NY 14224 Real Estate Market Report

ZIP Code: 14224
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Buffalo, NY (ZIP: 14224) is characterized by a median sold price of $275,000, reflecting a competitive landscape where actual transaction values are closely monitored. The market has seen a year-over-year price trend that is up, suggesting a strengthening demand despite the current economic conditions. With a median days on market of 209, the sales velocity appears to be slower, indicating potential pricing friction as buyers evaluate their options amidst elevated inventory levels.

In this environment, the median listing price stands at $282,450, which indicates a slight gap between seller expectations and actual sale prices. This discrepancy may suggest that sellers are adjusting their strategies in response to market conditions. The overall inventory remains elevated relative to sales activity, which continues to exert pressure on pricing dynamics, while robust local job creation supports ongoing demand for housing in the area.

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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 rates around 5.875% in Buffalo NY are 0.29% higher than the recent low of 5.585% seen in early 2026, suggesting property owners locked in a favorable rate.

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 $275,000 indicates strong market activity, reflecting actual transaction values.

2. With median days on market at 209, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $282,450 shows a gap compared to sold prices, indicating seller expectations may need adjustment.

4. Elevated inventory levels relative to sales activity suggest a competitive market environment, potentially impacting pricing strategies.

5. The median market rent of $1,410 indicates a growing rental market, further supported by Buffalo's relative affordability.

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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.