Is Buffalo, NY 14215 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Buffalo is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score79/ 100

More competitive than 84% of U.S. ZIP codes, and #293 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

Months of supply5.4Under 4 months = seller’s market
Sold above original list64.8%Share of sales, last 3 months
Median sale-to-list105.2%Sold price ÷ list price
Median days on market17Listing to accepted offer
Median price per sq ft$115▼ −10.8% vs. last year

The Buffalo housing market right now

In the three months ending August 31, 2026, 65% of homes in Buffalo, NY 14215 sold above their list price, the typical home went under contract in 17 days and there were 5.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 76 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 70%, homes sold more slowly (13 days then) and the median sale price fell 13% to $174,924. Overall, Buffalo is less competitive than a year ago, which gives buyers more room.

Within Erie County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Buffalo ranks #293 of 649 NY ZIP codes with enough sales (score 79 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.

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 →

Where Buffalo is

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Questions about Buffalo real estate

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

A balanced market: there were 5.4 months of supply in Buffalo, NY 14215 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 17 days in the latest three months.

Do homes in Buffalo sell over asking?

65% of homes sold above their original list price, and the typical sale closed at 105.2% 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 $174,924 in the three months ending August 31, 2026, about $115 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