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Is Buffalo, KY 42716 a buyer’s or seller’s market?

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

Buffalo is a seller’s market. With about 2.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market44Listing to accepted offer
Median price per sq ft$137▲ +0.5% vs. last year

The Buffalo housing market right now

In the three months ending August 31, 2026, 0% of homes in Buffalo, KY 42716 sold above their list price, the typical home went under contract in 44 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (33 days then) and the median sale price rose 62% to $249,792. Overall, Buffalo is less competitive than a year ago, which gives buyers more room.

Run the numbers for 42716

Prefilled for 42716Can I win this house?Multiple-offer likelihood for a listing Prefilled for 42716Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hodgenville 42748Buyer’s market $178 /sq ft Browse all markets →

Towns like Buffalo nearby

Find towns like Buffalo in other states →
Cecilia, KY42724 · 22 miles away84% similarlarger Eastview, KY42732 · 22 miles away84% similarpricier homes ($77K more) · 6 min longer commute Guston, KY40142 · 39 miles away84% similaryounger residents Brooks, KY40109 · 38 miles away82% similarpricier homes ($74K more) · older residents

Where Buffalo is

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Questions about Buffalo real estate

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

A seller’s market: there were 2.1 months of supply in Buffalo, KY 42716 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 44 days in the latest three months.

Do homes in Buffalo sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.

What are property taxes in Buffalo?

About 0.60% of a home’s value a year in Larue County, or roughly $2,400 on a $400,000 home.

What is the median home price in Buffalo?

The median sale price was $249,792 in the three months ending August 31, 2026, about $137 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