Real Estate Market Update for Buffalo, NY
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Welcome to October'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 20% from one year earlier, and up 3% 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 over 50-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 90-thousand dollars. The number of units sold decreased 6% year-over-year, and decreased 21% 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.
Map Information for Buffalo, NY
Area Information for Buffalo, NY
  • Population: 260,005
  • Median Age: 32.61 yr
  • Median Commute Time: 18.09 mins
  • Educational Climate*: 3
  • Sales Tax: 8.75%
  • Population Density: 6,438/sq mi
  • Population Change Since 2000: -11.15%
  • Closest Airport: Buffalo Niagara International
  • Closest College: Bryant And Stratton College
  • Closest Jr. College: Erie Community College-city Campus
  • Median Household Income: $30,404
  • Annual Residential Turnover: 16.3%
  • Median Years in Residence: 3.53 yr
  • Median Home Sales Price: $63,000
  • Closest Major Sports Team: Buffalo Sabres
  • Change Avg. Household Income Since 2000: 24%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Buffalo, NY
Median Age: 32.61 Married: 19% Number of Households: 114,394 Households with Children: 32,029
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 GreatSchools Rating Parent Rating
      Hutchinson Central Technical High School 1.1 mi Public 9-12 2-5 4
      Baker Victory Services 1.1 mi Private 1-9 0 5
      The Math Science Technology Preparatory School At 1.1 mi Public 5-12 0 4
      Ps 84 1.2 mi Public 7-12 0 5
      Community Charter School 1.3 mi Public K-6 1 4
      Mary Queen Of Angels School 1.5 mi Catholic PRESCHOOL-8 0 5
      Darul Uloom Al Madania 1.6 mi Private PRESCHOOL-11 0 4
      Westminster Community Charter School 1.6 mi Public PRESCHOOL-8 1 4
      Woodrow Wilson Elementary School 1.7 mi Public 3-5 2-5 4
      Ps 59 Dr Charles Drew Science Magnet 1.7 mi Public 3-8 1 4
      King Center Charter School 1.9 mi Public K-7 2 4
      Dr George Blackman Ecc 2.1 mi Public PRESCHOOL-4 1 5
      St. Mary's School For The Deaf 2.1 mi Private PRESCHOOL-12 0 5
      St Mark Elementary School 2.5 mi Catholic K-8 0 4
      St Joseph University School 2.6 mi Catholic PRESCHOOL-8 0 3
      Ps 37 Futures Academy 2.6 mi Public PRESCHOOL-8 0 4
      City Honors School At Fosdick Masten Park 2.7 mi Public 5-12 4-5 4
      Theodore Roosevelt School 2.8 mi Public PRESCHOOL-2 0 4
      Nichols School 2.8 mi Private 5-12 0 4
      Cheektowaga Middle School 2.9 mi Public 5-8 2-5 4
      Canisius High School 2.9 mi Catholic 9-12 0 4
      Kadimah School Of Buffalo 2.9 mi Private K-8 0 5
      Catholic Academy West Buffalo 2.9 mi Catholic PRESCHOOL-8 0 4
      Amherst Middle School 3.0 mi Public 6-8 4-5 4
      Elmwood-franklin School 3.1 mi Private PRESCHOOL-8 0 5
      Tapestry Charter School 3.1 mi Public K-8 2 4
      Frederick Olmsted 56 3.1 mi Public 5-11 3-5 5
      Nardin Academy Elementary 3.1 mi Catholic PRESCHOOL-12 0 4
      Nardin Academy 3.2 mi Catholic PRESCHOOL-3 0 5
      Buffalo Academy Of The Sacred Heart 3.2 mi Catholic 9-12 0 4
      Maryvale Primary School 3.3 mi Public PRESCHOOL-2 0 4
      Maryvale High School 3.3 mi Public 9-12 3-5 3
      Maryvale Middle School 3.3 mi Public 6-8 4 4
      St. Benedict's School 3.4 mi Catholic PRESCHOOL-8 0 5
      Windermere Blvd School 3.4 mi Public PRESCHOOL-5 3-5 4
      Amherst Central High School 3.5 mi Public 9-12 4-5 4
      St Joseph's Collegiate Institute 3.5 mi Catholic 9-12 0 4
      Christ The King Elementary School 3.6 mi Catholic PRESCHOOL-8 0 4
      Elmwood Village Charter School 3.7 mi Public K-8 4 5
      Cleveland Hill Middle School 3.7 mi Public 6-8 3 4
      Cleveland Hill Elementary School 3.7 mi Public PRESCHOOL-5 3-5 4
      The Park School 3.8 mi Private PRESCHOOL-12 0 4
      Frederick Olmsted 64 At 78 4.0 mi Public PRESCHOOL-4 4-5 4
      Ben Franklin Elementary School 4.0 mi Public PRESCHOOL-5 2 5
      Charles A Lindbergh Elementary School 4.0 mi Public K-5 4-5 5
      Smallwood Drive School 4.1 mi Public K-5 4-5 5
      Leonardo Da Vinci High School 4.1 mi Public 9-12 2 3
      Our Lady Of Black Rock School 4.1 mi Catholic PRESCHOOL-8 0 4
      Ben Franklin Middle School 4.1 mi Public 6-8 3-5 3
      Forest Elementary School 4.4 mi Public K-4 4-5 5
      Kenmore Middle School 4.5 mi Public 6-8 4 4
      Sts Peter & Paul Elementary School 4.5 mi Catholic PRESCHOOL-8 0 5
      St John The Baptist School 4.6 mi Catholic PRESCHOOL-8 0 5
      Bishop Timon-st Jude High School 4.7 mi Catholic 9-12 0 3
      Kenmore West Senior High School 4.9 mi Public 9-12 2-5 3
      Mount Mercy Academy 4.9 mi Catholic 9-12 0 5
      St Leo The Great School 5.0 mi Catholic PRESCHOOL-8 0 5
      Christian Central Academy 5.1 mi Private K-12 0 4
      Northwood Elementary School 5.1 mi Public K-6 2-5 4
      Fourteen Holy Helpers School 5.1 mi Catholic PRESCHOOL-8 0 4
      Maplemere Elementary School 5.2 mi Public PRESCHOOL-5 4 4
      Sweet Home Middle School 5.2 mi Public 6-8 4 4
      Chc Learning Center 5.2 mi Private PRESCHOOL-UNGRADE 0 5
      Discovery School 5.3 mi Public PRESCHOOL-8 3 4
      Herbert Hoover Middle School 5.3 mi Public 6-8 4 3
      Williamsville South High School 5.3 mi Public 9-12 4 4
      Herbert Hoover Elementary School 5.4 mi Public K-5 3 5
      Ambrose Catholic Academy 5.4 mi Catholic K-8 0 4
      Mill Middle School 5.4 mi Public 5-8 4-5 4
      South Buffalo Charter School 5.4 mi Public K-8 2-5 4
      St. Andrew's Country Day School 5.6 mi Catholic PRESCHOOL-8 0 5
      Charter School For Applied Technologies 5.6 mi Public K-11 2-5 4
      Potters Road School 5.6 mi Public PRESCHOOL-6 3 5
      Clinton Elementary School 5.7 mi Public K-4 4 3
      West Middle School 5.7 mi Public 7-8 4 4
      Mount St. Mary Academy 5.8 mi Catholic 9-12 0 5
      Maple West Elementary School 5.9 mi Public K-4 4-5 4
      Global Concepts Charter School 6.1 mi Public K-8 3-5 3
      Our Lady Of Victory 6.3 mi Catholic PRESCHOOL-8 0 5
      Maple East Elementary School 6.6 mi Public K-4 5 4
      Queen Of Heaven Elementary School 6.6 mi Catholic PRESCHOOL-8 0 4
      Willow Ridge Elementary School 6.7 mi Public PRESCHOOL-5 4-5 5
      Sweet Home Senior High School 6.7 mi Public 9-12 3 4
      East Elementary School 6.7 mi Public K-6 4 5
      East Middle School 6.8 mi Public 7-8 4-5 4
      Country Parkway Elementary School 6.8 mi Public K-4 5 5
      St Gregory The Great School 6.9 mi Catholic PRESCHOOL-8 0 5
      Heim Elementary School 7.0 mi Public K-4 4 5
      Heim Middle School 7.0 mi Public 5-8 5 5
      West Seneca East Senior High School 7.3 mi Public 9-12 3 4
      West Elementary School 7.5 mi Public K-6 4 5
      Allendale Elementary School 7.5 mi Public K-5 3 4
      Harris Hill Elementary School 7.6 mi Public K-5 4-5 5
      Truman Elementary School 7.6 mi Public PRESCHOOL-2 0 3
      Nativity Of Mary School 7.6 mi Catholic PRESCHOOL-8 0 4
      Trinity Lutheran School 7.7 mi Private PRESCHOOL-8 0 5
      Heritage Heights Elementary School 7.8 mi Public PRESCHOOL-5 2-5 4
      Williamsville North High School 8.3 mi Public 9-12 4-5 4
      Sheridan Hill Elementary School 8.3 mi Public K-5 4-5 5
      Blasdell Elementary School 8.3 mi Public PRESCHOOL-5 3 5
      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 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.