Is Buffalo, NY 14208 a buyer’s or seller’s market?
Buffalo is a buyer’s market. With about 7.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 79% of U.S. ZIP codes, and #331 of 649 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Buffalo housing market right now
In the three months ending August 31, 2026, 50% of homes in Buffalo, NY 14208 sold above their list price, the typical home went under contract in 15 days and there were 7.8 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 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 53%, homes sold faster (26 days then) and the median sale price rose 21% to $242,395. Overall, Buffalo is about as competitive as it was a year ago.
Within Erie County, homes here sell more slowly than in 79% of the county’s ZIP codes, and sell less often over asking than in 86%. On our competition score, Buffalo ranks #331 of 649 NY ZIP codes with enough sales (score 75 out of 100).
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 14208
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 →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 7.8 months of supply in Buffalo, NY 14208 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 15 days in the latest three months.
Do homes in Buffalo sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 106.6% 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 $242,395 in the three months ending August 31, 2026, about $101 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