Buffalo - NY housing market
The Buffalo metro has a typical home value of $282,896, up 4.6% from a year ago. Homes are moving fast at 11 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($282,896) is the Zillow Home Value Index for the Buffalo - NY metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 4.6% over the past year. In Buffalo - NY, that means a home worth $270,455 last year is now worth roughly $282,896.
The median sale price , what homes actually close for , is $269,840. Homes are selling at 102.1% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Buffalo - NY sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.
About 13.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 723 new listings hit the market each month in Buffalo - NY. There are currently 1,490 homes for sale, up 7.9% from a year ago.
The typical monthly rent in Buffalo - NY is $1,417, up 3.1% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in NY
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| New York - NY | $718,397 | +4.1% | 26.0d |
| Rochester - NY | $278,388 | +4.3% | 8.0d |
| Albany - NY | $364,241 | +5.1% | 8.0d |
| Syracuse - NY | $258,827 | +6.3% | 7.0d |
| Utica - NY | $223,525 | +7.9% | 26.0d |
| Binghamton - NY | $193,399 | +5.3% | 15.0d |