As of 2026, the median sale price in the Buffalo (Buffalo, NY) housing market is around $200,000 to $205,000. According to Redfin data, the median sale price in May 2026 was $200,000, while the three-month average during the same period was $205,000. This represents an increase of about 3.1% compared to the same period last year, confirming the steady recovery of the Buffalo market in comparison to the national average increase.

Zillow reports that the average home value in Buffalo is $215,795, reflecting a 1.4% increase over the past year. While this absolute figure is significantly lower than the overall average for New York State, an important point in the data is the market structure rather than just the increase. A lack of inventory combined with concentrated demand has created a competitive environment where multiple offers are made as soon as listings become available, a trend that continues into 2026.

Looking at the inventory situation, as of January 2026, there were only 369 listings in the city of Buffalo. This translates to about 133 listings per 100,000 people, indicating an extremely limited supply. The months of supply is recorded at 3.5 months, and the average days on market is 36 days. Notably, the ratio of sale price to listing price is 100.39%, meaning that most properties are selling for more than their asking price.

• Median sale price in May 2026: $200,000 (according to Redfin)
• Three-month average median price: $205,000 (up 3.1% year-over-year)
• Zillow average home value: $215,795 (up 1.4% year-over-year)
• Months of supply: 3.5 months
• Average days on market: 36 days
• Sale price to listing price ratio: 100.39%
• Percentage of sales above asking price: over 55% (as of January 2026)
• 30-year fixed mortgage rate: mid-6% range

The data indicates that Buffalo remains a seller's market. According to Houzeo analysis, Buffalo ranks among the top 10 most unfavorable markets for buyers in cities with populations between 250,000 and 500,000. This is a result of limited inventory, intensified competition, and constraints on affordability. Norada Real Estate forecasts an annual increase in Buffalo home prices of 2-4% for 2026, suggesting a gradual upward trend rather than a sharp adjustment.

Another important aspect of the Buffalo market is price accessibility. The median price in the low $200,000s is still relatively low compared to other major cities in New York State, which continues to attract interest from out-of-state buyers and investors. Data suggests that while competition for purchases in Buffalo is fierce, the prices themselves remain reasonable compared to other metropolitan areas.

(Source: Redfin Buffalo Housing Market, Zillow Buffalo Home Values, Houzeo Buffalo NY 2026, Norada Real Estate Buffalo 2026, WGRZ Buffalo Housing Report, 2026 / This article does not constitute investment or legal advice, and it is recommended to consult a professional before making any actual contracts.)