Buffalo - NY housing market

The typical home value ($292,860) 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 4.3% over the past year. In Buffalo - NY, that means a home worth $280,786 last year is now worth roughly $292,860.

The median sale price, what homes actually close for, is $274,678. Homes are selling at 105.6% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Buffalo - NY sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 18.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,305 new listings hit the market each month in Buffalo - NY. There are currently 2,491 homes for sale, up 16.8% from a year ago.

The typical monthly rent in Buffalo - NY is $1,446, up 3.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.9x, toss-up (#100 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $1,513 a month in principal and interest, $67 more than renting before taxes, insurance and upkeep. The two break even at a 6.27% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →