Is Buffalo, IL 62515 a buyer’s or seller’s market?
Buffalo is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Buffalo housing market right now
In the three months ending August 31, 2026, 0% of homes in Buffalo, IL 62515 sold above their list price and the typical home went under contract in 91 days. With only 2 sales, these figures can swing a lot from month to month.
Within Sangamon County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Springfield 62707 (64% sold over asking) and Rochester 62563 (56% sold over asking) are even more competitive.
Run the numbers for 62515
Nearby markets
Auburn 62615Seller’s market $129 /sq ftCantrall 62625 $152 /sq ftChatham 62629Seller’s market $149 /sq ftDawson 62520 $101 /sq ft Browse all markets →Where Buffalo is
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Questions about Buffalo real estate
How fast do homes sell in Buffalo?
The typical home went under contract in 91 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 90.1% of the list price.
What are property taxes in Buffalo?
About 1.99% of a home’s value a year in Sangamon County, or roughly $7,960 on a $400,000 home.
What is the median home price in Buffalo?
The median sale price was $133,942 in the three months ending August 31, 2026, about $107 per square foot.
Local agents
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More tools for 62515
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology