Secondary metropolitan market · New York · June 2026 data

Buffalo Real Estate Market

The Buffalo, NY housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Buffalo report in a click.

Median listing price
$272,500
▼ 9.1% YoY
Median $ / sq ft
$185
1,528 sq ft median
Median days on market
29
June 2026
Active listings
1,501
For sale now
New listings
1,388
June 2026
Listings with price cuts
10%
Share of active
Median sale price (closed)
$270,000
▲ 2.8% YoY · closed sales
Sale-to-list ratio
104.8%
Closed sales
Homes sold / month
607
Closed sales
Median listing price trend
$300K$287K$275K$262K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Buffalo NY · trailing 8 quarters · source: public records and industry data.

The 10-year view
$300K$270K$240K$210K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Buffalo NY · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
1,501
New this month
1,388
Pending
2,321
Price-reduced
143

As of June 2026, the median home listed in Buffalo, NY asks $272,500 — down 9.1% from a year ago. Homes are taking a median of 29 days to go under contract, and 10% of the 1,501 active listings have taken a price cut, which points to a seller-leaning market. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
71/100
#88 of 932 covered metros
12-month outlook
+1.0%
Flat · model output, not advice
Price volatility
Low
σ 4.1% · 20-yr price-index swings
Momentum
51
Value
67
Rental yield
94
Supply risk
46
Market heat
99

Buffalo scores 71/100 on our composite Investor Score (#88 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 54% over five years and +111% over ten, leaving prices 52% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,343/mo for a two-bedroom, the gross rental yield on the median listing is about 5.9%; active inventory sits at 81% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 9.1% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Buffalo ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,228/mo
−$140/mo vs today
At today's rate · 6.43%
$1,368/mo
National weekly average
If rates rise 1% · 7.43%
$1,514/mo
+$146/mo vs today

Principal & interest on the $272,500 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
1,314
▼ 6.9% vs 2024
1.1 per 1,000 residents
Net migration (2022–2023)
-3,504
▼ people, via tax-return records
net income flow −$311.2M/yr
Job growth (YoY)
-0.2%
▼ 563.2k nonfarm jobs · May 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

Buffalo market news

Buffalo's housing market is cooling from rapid growth but remains competitive, with some areas experiencing faster price increases. — AI-generated summary of the headlines above; read the linked coverage before relying on it.

Headlines collected 2026-07-05; each links to the original publisher.

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Buffalo market FAQs

What is the median home price in Buffalo?
As of June 2026, the median listing price in Buffalo, NY is $272,500, down 9.1% year over year (source: public records and industry data).
How fast are homes selling in Buffalo?
The median property in Buffalo spends 29 days on the market, with 1,501 homes actively listed and 10% of them carrying a price cut — a seller-leaning market by pace.
Who are the top real estate agents in Buffalo?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Buffalo and the wider New York market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.