Buffalo Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in Buffalo is $52, which is lower than the Buffalo Metro average of $99. The median price of homes currently listed in Buffalo is $69,000 while the median price of homes that sold is $98,015.

Foreclosures will be a factor impacting home values in the next several years. In Buffalo 3.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 is 9.4%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Buffalo homeowners underwater on their mortgage is 14.4%.

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Relative ZHVI
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Buffalo Market Overview

Data through Jul 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $69,000 Median listing price
  • $98,015 Median sale price
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Buffalo Market Health

Data through Jul 31, 2014
  • 4.8/10 Stable What's This?  
    Close

    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.

  • No data Average days on Zillow
  • 14.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Buffalo
4.4 homes United States
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Neighborhoods in Buffalo

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Willert Park $84,400 Hamlin Park $51,100  

Listings & Sales

Data through Jul 31, 2014
  • $52 Median list price / sq ft
  • $72 Median sale price / sq ft
  • 28.4% Listings with price cut
21.5%
Sold below listing
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Buffalo Rentals

Data through Jul 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
$820 Buffalo
$1,187 Buffalo Metro
$1,318 United States
  • 1.0 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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