Buffalo, NY metro area Housing Market
Hot MarketComprehensive housing market data for the Buffalo, NY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$253K
↑ 4.5% YoY
Days on Market
30 days
↑ 15.4% YoY
Active Inventory
1,059
↑ 6.2% YoY
Homes Sold
544
↓ 18.6% YoY
Hot Market
Homes are selling quickly with strong competition among buyers.
Buffalo, NY metro area Market Summary
The Buffalo, NY metro area housing market is heating up. As of March 2026, the median home sale price is $253K, up 4.5% year-over-year. Homes are spending a median of 30 days on the market, 15.4% longer than a year ago.
There are 1,059 homes for sale — 6.2% more than last year. With 1.9 months of supply, this is a seller's market. 963 new listings were added during this period, up 9.8% year-over-year.
Homes are selling for 101.4% of their list price on average, indicating buyers are paying above asking. 51.3% of homes sell above their asking price. 22.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
40
Contributing Factors
How This Market Compares
vs. National Median
vs. New York Median
Investor Takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 42% below the national median, which could indicate stronger cash flow potential.
Buffalo, NY metro area Market Trends
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Detailed Market Metrics
Median List Price
$250K
Price per Sq Ft
$171
Sale-to-List Ratio
101.4%
Months of Supply
1.9
Sold Above List
51.3%
Price Drops
22.3%
New Listings
963
↑ 9.8% YoY
Pending Sales
758
Off Market in 2 Weeks
61.9%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.