Buffalo, NY 14224 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

Market Trends & Context

Key Findings

1. The neighborhood's primary market value indicator is the median sold price; recent transactions show $263,000, and the price year-over-year trend is up, supporting moderate appreciation.
2. The median listing price is $272,400, modestly above the median sold price of $263,000, which may indicate pricing friction where seller expectations exceed recent transaction levels.
3. Liquidity appears slow based on the median days on market of 263, which suggests slower sales velocity even though the market temperature is neutral and may indicate longer time-to-contract rather than acute weakness.
4. Rental and valuation context shows a median market rent of $1,400 and a median price per square foot of 185; with rent year-over-year trend up and interest rate pressure moderate, investors should weigh improving rent momentum against financing costs when assessing SFR/condo acquisitions.

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.