Buffalo, NY 14227 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

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 is the median sold price: 247,500, which represents the most reliable signal of recent transaction value in the neighborhood and should be prioritized over asking prices when valuing comparable properties.
2. There is a meaningful spread between the median listing price and the median sold price—272,450 (median listing price) versus 247,500 (median sold price)—which may indicate pricing friction and suggests sellers are listing above the level at which transactions are closing; buyers appear able to secure sales below initial asking levels. pricing friction
3. Liquidity appears measured rather than rushed: the median days on market is 43, consistent with a moderate sales velocity in a market described as hot by market temperature; this combination suggests transactions are occurring but with negotiation room and selective buyer pacing.
4. Market fundamentals show upward pressure on both prices and rents—price year-over-year trend is up and rent year-over-year trend is up—while interest rate pressure is elevated with current 30-year fixed mortgage rates averaging 6.7% (about 0.7% higher than the 2026 market low of 5.98% observed in February), a dynamic that supports continued buyer demand driven by relative affordability but warrants caution on financing sensitivity. elevated interest rate pressure

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.