Real Estate Market Update for 14216 (Buffalo, NY)
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 48% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 150%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 220-thousand dollars. The number of units sold decreased 42% year-over-year, and decreased 8% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 14216 (Buffalo, NY)
Area Information for 14216 (Buffalo, NY)
  • Population: 22,294
  • Median Age: 37.35 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 8,020/sq mi
  • Population Change Since 2000: -6.43%
  • Closest Airport: Buffalo Niagara International
  • Closest College: Medaille College
  • Closest Jr. College: Erie Community College-city Campus
  • Median Household Income: $47,579
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $149,000
  • Closest Major Sports Team: Buffalo Bisons (aaa)
  • Change Avg. Household Income Since 2000: 43.58%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 14216 (Buffalo, NY)
Median Age: 37.35 Married: 28% Number of Households: 10,720 Households with Children: 1,925
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 14216 (Buffalo, NY)

      School Name Distance Type Grades School Rating Parent Rating
      St Margaret 0.3 mi Catholic PRESCHOOL-8 0 0
      Ps 81 0.3 mi Public PRESCHOOL-8 2 0
      Elmwood-franklin School 0.4 mi Private PRESCHOOL-8 0 0
      Nichols School 0.6 mi Private 5-12 0 0
      Tapestry Charter School 0.6 mi Public K-12 2 0
      Ps 66 North Park Academy 0.7 mi Public 5-8 0 0
      Catholic Central School 1.2 mi Catholic 5-8 0 0
      Frederick Olmsted 64 At 78 4.4 mi Public PRESCHOOL-4 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 14216 (Buffalo, NY)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.