The Buffalo housing market is somewhat competitive. Homes in Buffalo receive 7 offers on average and sell in around 28 days. The median sale price of a home in Buffalo was $180K last month, up 20.0% since last year. The median sale price per square foot in Buffalo is $99, up 5.3% since last year.
In February 2024, Buffalo home prices were up 20.0% compared to last year, selling for a median price of $180K. On average, homes in Buffalo sell after 28 days on the market compared to 22 days last year. There were 148 homes sold in February this year, up from 127 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$179,950
+20.0% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Buffalo, NY
$179,950
+20.0%
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 56% 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
53
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 around list price and go pending in around 24 days.
Hot homes
can sell for about 9% above list price and go pending in around 11 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
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Frederick Olmsted 64 At 78
Public • PreK-4 • Choice school
574
Students
14 reviews
7/10
City Honors School At Fosdick Masten Park
Public • 5-12 • Choice school
1083
Students
10 reviews
6/10
Frederick Olmsted 56
Public • 5-12 • Choice school
848
Students
1 reviews
5/10
Waterfront School
Public • PreK-8 • Choice school
832
Students
3 reviews
5/10
Buffalo Academy For the Visual And Perform Arts
Public • 5-12 • Choice school
724
Students
13 reviews
Only showing 5 of
44 elementary schools.
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.