The Buffalo housing market is somewhat competitive. Homes in Buffalo receive 13 offers on average and sell in around 15 days. The median sale price of a home in Buffalo was $195K last month, up 20.4% since last year. The median sale price per square foot in Buffalo is $121, up 21.0% since last year.
In April 2024, Buffalo home prices were up 20.4% compared to last year, selling for a median price of $195K. On average, homes in Buffalo sell after 15 days on the market compared to 20 days last year. There were 143 homes sold in April this year, up from 127 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$195,000
+20.4% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Buffalo, NY
$195,000
+20.4%
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 somewhat competitive. Homes sell in 24 days.
0
100
64
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 2% above list price and go pending in around 24 days.
Hot homes
can sell for about 10% above list price and go pending in around 9 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
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.