Buffalo Metro Home Prices & Values

$126,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.5% 1-year change
  • 2.9% 1-year forecast

Market Temperature: CoolWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Buffalo Metro is $126,100. Buffalo Metro home values have gone up 5.5% over the past year and Zillow predicts they will rise 2.9% within the next year. The median price of homes currently listed in Buffalo Metro is $139,900. The median rent price in Buffalo Metro is $800, which is lower than the New York median of $2,800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Buffalo Metro is 6.5%, which is lower than the national value of 7.2%.

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Relative ZHVI
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Buffalo Metro Market Overview

Data through May 31, 2014
  • $126,100 ZHVI
  • 2.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $139,900 Median listing price
  • No data Median sale price
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Buffalo Metro Market Health

Data through May 31, 2014
  • 6.5/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 128 Average of days on Zillow (Apr 30, 2014)
  • No data Homes with negative equity (18.8% US Avg)
  • 6.5% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.5 homes New York
4.8 homes United States
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Cities in Buffalo Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Wheatfield $180,900 Town of Lewiston $167,300 North Tonawanda $107,400
Town of Lockport $95,200 Niagara Falls $59,800  

Listings & Sales

Data through May 31, 2014
  • $98 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 28.4% Listings with price cut
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Buffalo Metro Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,166 Buffalo Metro
$1,846 New York
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $800 Rent list price
  • No data Rent list price / sq ft
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