Buffalo, NY metro area Housing Market Brief
metro · NY · score computed October 2026
What is Buffalo, NY metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Buffalo, NY metro area in its market cycle?
Buffalo, NY metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Buffalo, NY metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Buffalo, NY metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $309K | ▲ +6.7% | Redfin |
| Median Days on Market | 44 days | ▲ +10% | Realtor.com via FRED |
| Months of Supply | 2.3 | ▲ +27.8% | Redfin |
| Homes for Sale | 1,892 | ▲ +28.5% | Redfin |
| Homes Sold | 842 | ▼ -1.9% | Redfin |
| Median Price / Sq Ft | $194 | ▲ +6.5% | Redfin |
How has Buffalo, NY metro area’s Alpha Score moved?
Markets like Buffalo, NY metro area
- Camden, NJ metro area, NJmetro65
- Lake County, IL metro area, ILmetro64
- Reading, PA metro area, PAmetro51
- Canton, OH metro area, OHmetro53
- Albany, NY metro area, NYmetro50
- Elgin, IL metro area, ILmetro56
- Scranton, PA metro area, PAmetro56
- Florence, AL metro area, ALmetro46
- East Stroudsburg, PA metro area, PAmetro51
- Erie, PA metro area, PAmetro59
Frequently asked questions
Is Buffalo, NY metro area a buyer's or seller's market?
In the scores computed October 2026, Buffalo, NY metro area is classified as a Balanced Market, based on its Alpha Score of 49 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Buffalo, NY metro area?
The median sale price in Buffalo, NY metro area is $309K, having risen 6.7% over the past year, according to Redfin.
How affordable is Buffalo, NY metro area?
Buffalo, NY metro area scores 55 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Buffalo, NY metro area's Alpha Score?
Buffalo, NY metro area's strongest dimension is Price Momentum (99/100) and its weakest is Inventory Health (7/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Buffalo, NY metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.