The Buffalo housing market is very competitive. Homes in Buffalo receive 13 offers on average and sell in around 39 days. The median sale price of a home in Buffalo was $178K last month, down 1.4% since last year. The median sale price per square foot in Buffalo is $130, up 30.0% since last year.
In March 2024, Buffalo home prices were down 1.4% compared to last year, selling for a median price of $178K. On average, homes in Buffalo sell after 39 days on the market compared to 28 days last year. There were 138 homes sold in March this year, down from 148 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$177,500
-1.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Buffalo, NY
$177,500
-1.4%
United States
To compare other locations to the Buffalo and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Buffalo's median sale price is 54% lower than the national average. Overall cost of living in Buffalo is 5% lower than the national average. Learn which home features in Buffalo add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Buffalo housing market?
Buffalo is very competitive. Homes sell in 26 days.
0
100
70
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 26 days.
Hot homes
can sell for about 10% above list price and go pending in around 10 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Buffalo
Explore recent offers and recently sold homes in Buffalo
Recent offers
Offer Not Accepted|
12 Weeks Ago
~$150K Offer
Sold for $150K
5bd | 1.5ba | ~2,000sqft
Over List Price
48%
Days on Market
8
Competing Offers
17
Down Payment
—
Jeff Borysewicz
Buffalo Redfin Agent
17 offers ours was the 4th best; cash and 2 conventional had same offer all waived inspection in top 4
Offer Not Accepted|
10 Weeks Ago
~$200K Offer
Sold for $250K
6bd | 2ba | ~2,500sqft
Over List Price
9%
Days on Market
6
Competing Offers
24
Down Payment
—
Jeff Borysewicz
Buffalo Redfin Agent
View houses in Buffalo that sold recently
Recently sold homes
SOLD MAY 8, 2024
$225,000 Last Sold Price
4 beds
2 baths
2,320 sq ft
154 Harlem Rd, West Seneca, NY 14224
Listing by Towne Housing Real Estate, (716) 264-4135
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Buffalo housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Buffalo.
Risk Factor
Flood Factor - Moderate
31% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Buffalo has a moderate risk of flooding. 18,676 properties in Buffalo are likely to be
severely affected
by flooding over the next 30 years. This represents 31% of all properties in Buffalo. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Buffalo has a moderate risk of wildfire. There are 2,341 properties in Buffalo that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Buffalo.