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Movoto Real Estate » New York » Erie County » Buffalo Homes for Sale » Buffalo Stats and Trends

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Trend Metrics

	Median List Price
	Median $/sqft
	Inventory
	Median DOM

	Median Size
	Median $/Lot
	% Distressed
	New Listings
	Sold/Expired
	Price Reductions

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Buffalo Real Estate Trends & Statistics

Buffalo Median List Price

$62,900

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Buffalo Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	380	342	11%	423	10%
Median List Price	$62,900	$64,900	3%	$89,900	30%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	1%	2%		1%
Median DOM	56	58	3%	61	8%
Median House Size	1,404	1,420	1%	1,505	7%
Median $/Sqft	$47/sqft	$50/sqft	6%	$63/sqft	25%

	Today	1 Month Ago		1 Year Ago
Total Inventory	334	295	13%	342	2%
Median List Price	$54,777	$50,000	10%	$65,000	16%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	1%	2%		2%
Median DOM	54	51	6%	55	2%
Median House Size	1,400	1,404		1,485	6%
Median $/Sqft	$43/sqft	$43/sqft		$51/sqft	16%

	Today	1 Month Ago		1 Year Ago
Total Inventory	46	47	2%	81	43%
Median List Price	$329,000	$289,900	13%	$317,500	4%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	-	-		-
Median DOM	96	108	11%	87	10%
Median House Size	1,620	1,620		1,544	5%
Median $/Sqft	$219/sqft	$193/sqft	13%	$193/sqft	13%

Buffalo Market Data

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	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	51	26	48	36	38	46	48
New Listings	72	72	115	114	128	126	164
Sold/Expired	125	114	117	114	158	165	122

	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	47	23	43	33	29	40	45
New Listings	63	64	104	105	109	115	152
Sold/Expired	112	98	102	105	145	148	111

	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	4	3	5	3	9	6	3
New Listings	9	8	11	9	19	11	12
Sold/Expired	13	16	15	9	13	17	11

Buffalo, New York real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Buffalo homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Buffalo. Movoto is your comprehensive source for Buffalo property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Buffalo, NY Market Overview

Inventory: 380 Recently Sold: 122 New Listings: 164 Distressed: 1

Buffalo's home resale inventories increased, with a 11 percent increase since May 2013. Distressed properties such as foreclosures and short sales decreased as a percentage of the total market in June. The median listing price in Buffalo went down from May to June. There were a total of 6 price increases and 48 price decreases.

Updated: 06/01/2013

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Nearby Homes for Sale

33 Chapin Pkwy, Buffalo, NY