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Featured local agent — Buffalo, MN
Sarah Mitchell
Compass Real Estate · Buffalo, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Buffalo, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$357,000median sale price
How is the Buffalo, MN housing market right now?
The median home sale price in Buffalo, MN is $357,000, down 0.8% year-over-year. Homes sell in an average of 18 days with 56 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Buffalo a buyer's or seller's market?
Buffalo, MN is currently a seller's market, based on 2.7 months of supply and homes selling in about 18 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
18
Fast-moving
Active listings
56
2.7 months supply
Sale-to-list
99.9%
Below asking
What does the Buffalo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $357,000 |
| Median list price | $393,720 |
| Year-over-year price change | -0.8% |
| Average days on market | 18 days |
| Active inventory | 56 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 48 |
| Listings with a price cut | 33.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Buffalo by property type?
How the Buffalo, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $372,500 | $164/sq ft | 18 | 16 days |
| Condo / Co-op | $160,000 | $167/sq ft | 1 | 334 days |
| Townhouse | $290,000 | $201/sq ft | 1 | 18 days |
Source: Redfin · Updated monthly
The Buffalo housing market is currently classified as a seller's market with a median sale price of $357,000. Prices have fallen 0.8% compared to last year, with homes spending an average of 18 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Buffalo
There are currently 56 homes listed for sale in Buffalo, Minnesota. The median listing price is $394K.
Active listings
56
Homes on market
Median list price
$394K
Avg. days on market
18
Days until sale
New this week
48
Newly listed
Who lives in Buffalo?
Population
16,388
Median income
$88,306/yr
Median age
38.7 years
Owner-occupied
76.7%
College grads
30.8%
Avg commute
27.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Buffalo?
Zillow home value
$382,222
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Buffalo?
Buffalo is a community of approximately 16K residents with a median age of 38.7 years.The median household income is $88,306, which reflects a relatively affluent area with strong earning potential. 30.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 76.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Buffalo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Buffalo?
17 schools tracked · 4,815 students
The largest public schools serving Buffalo, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BUFFALO SENIOR HIGH
Grades 9-12 · 1,792 students
BUFFALO COMMUNITY MIDDLE
Grades 6-8 · 1,140 students
Tatanka Elementary STEM School
Grades K-5 · 420 students
NORTHWINDS ELEMENTARY
Grades K-5 · 408 students
PARKSIDE ELEMENTARY
Grades PK-5 · 340 students
DISCOVERY ELEMENTARY
Grades K-5 · 256 students
BUFFALO EARLY CHILD. SP. ED PROGRAM
Grades PK · 159 students
Terra Nova School
Grades 6-12 · 110 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Buffalo, MN?
Want a head-to-head view? Compare Buffalo side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Buffalo?
The median home sale price in Buffalo is $357,000, down 0.8% from last year.
How long do homes stay on market in Buffalo?
Homes typically spend 18 days on market before going under contract.
What is the median income in Buffalo?
The median household income is $88,306 per year.
Is Buffalo a buyer's or seller's market?
With 2.7 months of supply, Buffalo is currently a seller's market.
What is the Zillow home value estimate for Buffalo?
The Zillow Home Value Index (ZHVI) for Buffalo is $382,222, representing the typical home value in the area.
What is the median condo price in Buffalo?
The median condo/co-op sale price in Buffalo, MN is $160,000, compared to $372,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Buffalo?
The median single-family home price in Buffalo, MN is $372,500 (about $164 per square foot).
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