Housing in Buffalo, NY

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$225,750

Median List Price

$179,900

Price Per Sq Ft

$121

Days on Market

34

Active Inventory

369

Months of Supply

2.6

Seller's market

Zillow Home Value

$229,957

ZHVI — January 2026

Zillow Rent Index

$1,373

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↑ 27.2%List Price ↓ 0.7%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

55.7%

Off Market in 2 Weeks

23.6%

Sale-to-List Ratio

102.0%

Seller's market

Sold Above Asking
55.7%
Under Contract in 2 Wks
23.6%
Listings with Price Drops
17.3%

Market Activity

Source: Redfin

Homes Sold

140

New Listings

147

Pending Sales

123

Homes Sold ↑ 6.1%New Listings ↓ 32.3%Pending ↓ 43.3%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$121

Median List $/SF

$114

Sale $/SF ↑ 13.1%List $/SF ↑ 4.6%Mar 24 → Jan 26

Buffalo vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 250,000 - 500,000 residents. Buffalo is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$152,300

Median Rent

$989

Total Housing Units

136,533

Vacancy Rate

12.4%

Owner Occupied

42.7%

Renter Occupied

57.3%

Median Property Tax

$1,625

per year

Monthly Cost (w/ Mortgage)

$784

Housing Types

Single Family
39.5%
Multi-Family
60.2%
Mobile Home
0.3%

The current median sale price in Buffalo, NY is $225,750 according to Redfin data. Homes spend a median of 34 days on the market. 55.7% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $121. Zillow's observed rent index is $1,373/month. About 42.7% of housing units are owner-occupied. The median year homes were built is 1938. There are 136,533 total housing units.