Home Values

Buffalo Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Buffalo is $49, which is lower than the Buffalo Metro average of $96. The median price of homes currently listed in Buffalo is $62,500 while the median price of homes that sold is $80,975.

Foreclosures will be a factor impacting home values in the next several years. In Buffalo 2.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

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 Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $62,500 Median listing price
  • $80,975 Median sale price (Sep 30, 2014)
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Buffalo Market Health

Data through Oct 31, 2014
  • No recent data
  • 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)

2.4 homes(Sep 30, 2014) Buffalo
4.5 homes United States
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Neighborhoods in Buffalo

Name Median ZHVI
Willert Park $95,900
Hamlin Park $58,900
 

Listings & Sales

Data through Oct 31, 2014
  • $49 Median list price / sq ft
  • $57 Median sale price / sq ft (Sep 30, 2014)
  • 34.7% Listings with price cut
23.9%
Sold below listing
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Buffalo Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $808 Buffalo
    $1,203 Buffalo Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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