Real Estate Market Update for 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 October. The number of active listings was down 26% from one year earlier, and down 4% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 60-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 80-thousand dollars. The number of units sold decreased 10% year-over-year, and increased 3% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 Buffalo, NY
Area Information for Buffalo, NY
  • Population: 258,417
  • Median Age: 34.58 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 6,399/sq mi
  • Population Change Since 2000: -11.7%
  • Closest Airport: Buffalo Niagara International
  • Closest College: Canisius College
  • Closest Jr. College: Erie Community College-city Campus
  • Median Household Income: $31,745
  • Annual Residential Turnover: 16%
  • Median Home Sales Price: $64,130
  • Closest Major Sports Team: Buffalo Bisons (aaa)
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Buffalo, NY
Median Age: 34.58 Married: 23% Number of Households: 111,384 Households with Children: 28,433
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 Buffalo, NY

      School Name Distance Type Grades School Rating Parent Rating
      Hutchinson Central Technical High School 1.1 mi Public 9-12 2 4
      The Math Science Technology Preparatory School At 1.1 mi Public 5-12 0 1
      East High School 1.4 mi Public 9-12 0 4
      Mary Queen Of Angels School 1.5 mi Catholic PRESCHOOL-8 0 0
      Burgard Vocational High School 1.5 mi Public 9-12 0 3
      Westminster Community Charter School 1.6 mi Public K-8 1 0
      Ps 59 Dr Charles Drew Science Magnet 1.7 mi Public 3-8 0 2
      Buffalo United Charter School 2.0 mi Public K-8 1 0
      St. Mary's School For The Deaf 2.1 mi Private PRESCHOOL-12 0 0
      Middle Early College High School 2.3 mi Public 9-12 1 0
      Bennett High School 2.3 mi Public 11-12 1 4
      Cleveland Hill High School 2.3 mi Public 9-12 3 3
      Cleveland Hill Middle School 2.3 mi Public 6-8 3 0
      Buffalo Academy For The Visual And Perform Arts 2.4 mi Public 5-12 2 3
      City Honors School At Fosdick Masten Park 2.5 mi Public 5-12 5 3
      Health Sciences Charter School 2.8 mi Public 9-12 1 5
      Theodore Roosevelt Elem School 2.8 mi Public PRESCHOOL-2 0 4
      Nichols School 2.9 mi Private 5-12 0 0
      Cheektowaga High School 2.9 mi Public 9-12 2 3
      Cheektowaga Middle School 2.9 mi Public 5-8 1 0
      Canisius High School 2.9 mi Catholic 9-12 0 4
      Amherst Middle School 3.0 mi Public 6-8 4 0
      Ps 69 Houghton Academy 3.1 mi Public PRESCHOOL-8 1 0
      Oracle Charter School 3.1 mi Public 9-12 1 0
      Elmwood-franklin School 3.1 mi Private PRESCHOOL-8 0 0
      Frederick Olmsted 56 3.1 mi Public 5-12 4 4
      Nardin Academy - Elementary 3.1 mi Catholic PRESCHOOL-12 0 0
      Western New York Maritime Charter School 3.2 mi Public 9-12 2 4
      Buffalo Academy Of The Sacred Heart 3.2 mi Catholic 9-12 0 4
      Buffalo Seminary 3.2 mi Private 9-12 0 5
      John F Kennedy Senior High School 3.3 mi Public 9-12 2 3
      John F Kennedy Middle School 3.3 mi Public 6-8 2 0
      Maryvale Intermediate School 3.3 mi Public 3-5 3 0
      Maryvale High School 3.3 mi Public 9-12 3 3
      Maryvale Middle School 3.3 mi Public 6-8 3 0
      Montessori School 3.4 mi Public PRESCHOOL-8 0 0
      Windermere Blvd School 3.4 mi Public PRESCHOOL-5 4 0
      Tapestry Charter School 3.5 mi Public K-12 2 0
      Amherst Central High School 3.5 mi Public 9-12 5 3
      St Joseph's Collegiate Institute 3.5 mi Catholic 9-12 0 4
      South Buffalo Charter School 3.6 mi Public K-8 2 0
      Elmwood Village Charter School 3.7 mi Public K-8 4 0
      Emerson School Of Hospitality 3.7 mi Public 9-12 1 3
      Lafayette High School 3.7 mi Public 8-12 0 2
      Mckinley Vocational High School 3.7 mi Public 9-12 1 3
      Herman Badillo Community School 3.7 mi Public PRESCHOOL-8 0 0
      Cleveland Hill Elementary School 3.7 mi Public PRESCHOOL-5 3 0
      Ps 81 3.7 mi Public PRESCHOOL-8 2 0
      International Preparatory School At Grover Clevela 3.8 mi Public 5-12 0 3
      The Park School 3.8 mi Private PRESCHOOL-12 0 0
      Buffalo Academy Of Science Charter School 3.9 mi Public 7-12 3 3
      Ps 64 Frederick Olmstead 4.0 mi Public PRESCHOOL-4 4 0
      Winchester Elementary School 4.0 mi Public K-5 2 0
      Charles A Lindbergh Elementary School 4.1 mi Public K-5 4 0
      Smallwood Drive School 4.1 mi Public K-5 4 0
      Leonardo Da Vinci High School 4.1 mi Public 9-12 2 3
      Ben Franklin Middle School 4.1 mi Public 6-8 2 0
      West Buffalo Charter School 4.2 mi Public K-4 2 0
      South Park High School 4.4 mi Public 9-12 0 5
      Forest Elementary School 4.4 mi Public K-4 4 0
      Grabiarz School Of Excellence #79 4.6 mi Public PRESCHOOL-8 3 0
      Bishop Timon-st Jude High School 4.7 mi Catholic 9-12 0 0
      Lorraine Elementary School 4.8 mi Public PRESCHOOL-8 1 0
      Mount Mercy Academy 4.8 mi Catholic 9-12 0 4
      Kenmore West Senior High School 4.9 mi Public 9-12 2 3
      Theodore Roosevelt Elementary School 5.0 mi Public 1-5 2 0
      Northwood Elementary School 5.1 mi Public PRESCHOOL-4 3 0
      Christian Central Academy 5.1 mi Private K-12 0 0
      Maplemere Elementary School 5.2 mi Public PRESCHOOL-5 3 0
      Sweet Home Middle School 5.2 mi Public 6-8 3 0
      Riverside Institute Of Technology 5.3 mi Public 9-12 0 4
      Discovery School 5.3 mi Public PRESCHOOL-8 3 0
      Herbert Hoover Middle School 5.3 mi Public 6-8 2 0
      Williamsville South High School 5.3 mi Public 9-12 5 4
      Herbert Hoover Elementary School 5.4 mi Public K-5 2 0
      Mill Middle School 5.4 mi Public 5-8 4 0
      Charter School For Applied Technologies 5.6 mi Public K-12 1 0
      West Middle School 5.7 mi Public 7-8 2 0
      Clinton Elementary School 5.7 mi Public K-4 3 0
      Notre Dame Academy 5.7 mi Catholic PRESCHOOL-8 0 0
      Mount St. Mary Academy 5.8 mi Catholic 9-12 0 0
      Maple West Elementary School 5.9 mi Public K-4 4 0
      West Seneca West Senior High School 5.9 mi Public 9-12 3 3
      Global Concepts Charter School 6.1 mi Public K-8 3 3
      Maple East Elementary School 6.6 mi Public K-4 5 0
      Willow Ridge Elementary School 6.7 mi Public PRESCHOOL-5 3 0
      Sweet Home Senior High School 6.7 mi Public 9-12 2 4
      East Middle School 6.8 mi Public 5-8 3 0
      Country Parkway Elementary School 6.8 mi Public K-4 4 0
      Lackawanna High School 6.9 mi Public 9-12 1 3
      Heim Elementary School 7.0 mi Public K-4 4 0
      Heim Middle School 7.0 mi Public 5-8 4 0
      West Seneca East Senior High School 7.3 mi Public 9-12 3 3
      West Elementary School 7.5 mi Public K-5 4 0
      Allendale Elementary School 7.5 mi Public K-5 3 0
      Harris Hill Elementary School 7.6 mi Public K-5 4 0
      Heritage Heights Elementary School 7.8 mi Public PRESCHOOL-5 2 0
      Sheridan Hill Elementary School 8.3 mi Public K-5 5 0
      Blasdell Elementary School 8.4 mi Public PRESCHOOL-5 2 0
      Williamsville North High School 8.4 mi Public 9-12 5 4
      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 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.