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Is Buffalo, NY 14202 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Buffalo is a buyer’s market. With about 7.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.4Under 4 months = seller’s market
Sold above original list30%Share of sales, last 3 months
Median sale-to-list98.2%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$288▼ −12.0% vs. last year

The Buffalo housing market right now

In the three months ending August 31, 2026, 30% of homes in Buffalo, NY 14202 sold above their list price, the typical home went under contract in 25 days and there were 7.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold faster (62 days then) and the median sale price fell 24% to $634,725. Overall, Buffalo is more competitive than a year ago, so tougher for buyers.

Within Erie County, homes here sell more slowly than in 98% of the county’s ZIP codes, and sell less often over asking than in 96%.

Nearby, buyers who want less competition could look at Buffalo 14203 (0% sold over asking) or Bowmansville 14026 (0% sold over asking), while Colden 14033 (100% sold over asking) and East Concord 14055 (100% sold over asking) are even more competitive.

Run the numbers for 14202

Prefilled for 14202Can I win this house?Multiple-offer likelihood for a listing Prefilled for 14202Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Akron 14001Seller’s market $199 /sq ftAlden 14004Seller’s market $224 /sq ftAngola 14006Seller’s market $184 /sq ftBoston 14025Seller’s market $248 /sq ft Browse all markets →

Towns like Buffalo nearby

Find towns like Buffalo in other states →
Buffalo, NY14209 · 2 miles away65% similarcheaper homes ($50K less) · larger Buffalo, NY14201 · 1 miles away61% similarcheaper homes ($142K less) · larger Buffalo, NY14222 · 2 miles away49% similarhigher income ($25K more) · cheaper homes ($72K less) Buffalo, NY14216 · 4 miles away41% similarcheaper homes ($184K less) · larger

Where Buffalo is

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Questions about Buffalo real estate

Is Buffalo a buyer’s or seller’s market?

A buyer’s market: there were 7.4 months of supply in Buffalo, NY 14202 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Buffalo?

The typical home went under contract in 25 days in the latest three months.

Do homes in Buffalo sell over asking?

30% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.

What are property taxes in Buffalo?

About 1.98% of a home’s value a year in Erie County, or roughly $7,920 on a $400,000 home.

What is the median home price in Buffalo?

The median sale price was $634,725 in the three months ending August 31, 2026, about $288 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology