Real Estate Market Update for 14222 (Buffalo, NY)
Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was stable from one year earlier, and down 21% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 30%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 140-thousand dollars. The number of units sold increased 33% year-over-year, and decreased 33% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
Show Transcript
Map Information for 14222 (Buffalo, NY)
Area Information for 14222 (Buffalo, NY)
  • Population: 12,008
  • Median Age: 35.63 yr
  • Median Commute Time: 16.47 mins
  • Educational Climate*: 5
  • Sales Tax: 8.75%
  • Population Density: 9,350/sq mi
  • Population Change Since 2000: -6.13%
  • Closest Airport: Buffalo Niagara International
  • Closest College: State University Of Ny-college-buffalo
  • Closest Jr. College: Erie Community College-city Campus
  • Median Household Income: $45,156
  • Annual Residential Turnover: 22.12%
  • Median Years in Residence: 2.54 yr
  • Median Home Sales Price: $225,000
  • Closest Major Sports Team: Buffalo Sabres
  • Change Avg. Household Income Since 2000: 34%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 14222 (Buffalo, NY)
Median Age: 35.63 Married: 21% Number of Households: 6,920 Households with Children: 751
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 14222 (Buffalo, NY)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Nardin Academy Elementary 0.2 mi Catholic PRESCHOOL-12 0 4
      Nardin Academy 0.2 mi Catholic PRESCHOOL-3 0 5
      Frederick Olmsted 56 0.3 mi Public 5-11 3-5 5
      Buffalo Seminary 0.4 mi Private 9-12 0 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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 14222 (Buffalo, NY)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.