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Featured local agent — Buffalo, NY
Sarah Mitchell
Compass Real Estate · Buffalo, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Buffalo, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$216,000median sale price
How is the Buffalo, NY housing market right now?
The median home sale price in Buffalo, NY is $216,000, up 8.7% year-over-year. Homes sell in an average of 21 days with 583 active listings. The market is currently a balanced 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, NY is currently a balanced market, based on 4.5 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
129
Last 12 weeks
Days on market
21
Average pace
Active listings
583
4.5 months supply
Sale-to-list
100.8%
Above asking
What does the Buffalo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $216,000 |
| Median list price | $199,900 |
| Year-over-year price change | +8.7% |
| Average days on market | 21 days |
| Active inventory | 583 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $125/sq ft |
| Homes sold (latest month) | 129 |
| New listings (latest month) | 344 |
| Listings with a price cut | 22.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Buffalo by property type?
How the Buffalo, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $208,000 | $148/sq ft | 70 | 16 days |
| Condo / Co-op | $238,450 | $248/sq ft | 8 | 39 days |
| Townhouse | $220,051 | $100/sq ft | 12 | 23 days |
Source: Redfin · Updated monthly
The Buffalo housing market is currently classified as a balanced market with a median sale price of $216,000. Prices have risen 8.7% compared to last year, with homes spending an average of 21 days on market, indicating 4.5 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 5.2x provides context for how home values compare to local earning capacity.
Homes for sale in Buffalo
There are currently 583 homes listed for sale in Buffalo, New York. The median listing price is $200K.
Active listings
583
Homes on market
Median list price
$200K
Avg. days on market
21
Days until sale
New this week
344
Newly listed
Who lives in Buffalo?
Population
276,397
Median income
$48,050/yr
Median age
34.3 years
Owner-occupied
42.7%
College grads
30.3%
Avg commute
19.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Buffalo?
Zillow home value
$251,203
Zillow rent index
$1,430/mo
Price-to-rent ratio
14.6x
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Buffalo?
Buffalo is a community of approximately 276K residents with a median age of 34.3 years.The median household income is $48,050, which represents a working-class community with solid middle-income opportunities. 30.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 42.7%, showing a blend of owner and renter-occupied properties. The average commute time is 19.9 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?
50 schools tracked · 34,105 students
The largest public schools serving Buffalo, NY 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.
CHARTER SCHOOL FOR APPLIED TECHNOLOGIES
Grades K-12 · 2,312 students
KENMORE WEST SENIOR HIGH SCHOOL
Grades 8-12 · 1,276 students
HUTCHINSON CENTRAL TECHNICAL HIGH SCHOOL
Grades 9-12 · 1,162 students
TAPESTRY CHARTER SCHOOL
Grades K-12 · 1,126 students
CITY HONORS SCHOOL
Grades 5-12 · 1,056 students
INTERNATIONAL SCHOOL
Grades PK-8 · 987 students
MCKINLEY VOCATIONAL HIGH SCHOOL
Grades 9-12 · 940 students
FREDERICK OLMSTED #156
Grades 5-12 · 922 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, NY?
Want a head-to-head view? Compare Buffalo side-by-side with any other U.S. city using our market-comparison tool.
Is Buffalo a good real estate investment market?
For investors evaluating Buffalo, the price-to-rent ratio of 14.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 8.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Buffalo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Buffalo's median home price.
Frequently asked questions
What is the average home price in Buffalo?
The median home sale price in Buffalo is $216,000, up 8.7% from last year.
How long do homes stay on market in Buffalo?
Homes typically spend 21 days on market before going under contract.
What is the median income in Buffalo?
The median household income is $48,050 per year.
Is Buffalo a buyer's or seller's market?
With 4.5 months of supply, Buffalo is currently a balanced market.
What is the Zillow home value estimate for Buffalo?
The Zillow Home Value Index (ZHVI) for Buffalo is $251,203, 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, NY is $238,450, compared to $208,000 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, NY is $208,000 (about $148 per square foot).
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