Buffalo - NY housing market
The Buffalo metro has a typical home value of $294,992, up 4.7% from a year ago. Homes are moving fast at 9 days on market, a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($294,992) 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 4.7% over the past year. In Buffalo - NY, that means a home worth $281,750 last year is now worth roughly $294,992.
The median sale price , what homes actually close for , is $268,794. Homes are selling at 104.3% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Buffalo - NY sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.
About 16.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,214 new listings hit the market each month in Buffalo - NY. There are currently 2,192 homes for sale, up 14.3% from a year ago.
The typical monthly rent in Buffalo - NY is $1,461, up 3.2% 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 | $735,003 | +4.1% | 24.0d |
| Rochester - NY | $290,868 | +4.9% | 8.0d |
| Albany - NY | $377,910 | +5.6% | 7.0d |
| Syracuse - NY | $271,597 | +6.6% | 6.0d |
| Utica - NY | $234,785 | +8.0% | 13.0d |
| Binghamton - NY | $204,850 | +5.9% | 10.0d |