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Foreclosure Homes in Buffalo, NY

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Buffalo, NY Foreclosures

How much do homes sell for in Buffalo, NY?
The average home price is currently $250,945.
In Buffalo, NY, how many homes are available?
There are currently 935 active home listings available in Buffalo.
What’s the average rental cost in Buffalo, NY?
The average rental price in Buffalo is $1,257.
What is the most expensive home in Buffalo?
The most expensive home sold in Buffalo had a price of $149,221,040.
What is currently the cheapest priced home in Buffalo, NY?
The cheapest home for sale in Buffalo is priced at $10,007.

Living in Buffalo, NY

Buffalo, NY, is a city steeped in history and culture, known for its architectural beauty and a vibrant arts community. Residents enjoy a blend of outdoor activities, delicious cuisine, and engaging community events, all of which contribute to its unique charm. With easy access to parks and waterfronts, Buffalo is a great place for investors looking for real estate opportunities.

Current Market Conditions in Buffalo, NY

The real estate market in Buffalo has shown steady growth in recent years, driven by an influx of new residents and revitalization projects. Prices remain more affordable compared to other major cities in New York State, presenting appealing investment opportunities.

With the mayor's commitment to economic development and community improvement, there is a positive outlook for property values, making it a prime location for those looking to invest in residential real estate.

Home Value Estimator For Buffalo, NY

There are currently 107,438 real estate properties in Buffalo, NY, with a median automated valuation model (AVM) price of $186,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Buffalo, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Buffalo, NY, is $250,945.00, with the most expensive house in Buffalo, NY, topping out at $149,221,040.00 and the cheapest home in Buffalo, NY, clocking in at $10,007.00. In other words, there’s something for every potential homebuyer or savvy investor in Buffalo, NY!

Rent Prices In Buffalo, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Buffalo, NY, is on a rollercoaster ride. The average rent price in Buffalo, NY, is $1,257.00. Indeed, when looking to rent in Buffalo, NY, you can expect to pay as little as $500.00 or as much as $6,930.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Buffalo, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Buffalo, NY Foreclosures

Market Trend for Buffalo, NY

Total Listings Available: 935

Market Values:

Home Prices from $10,007 to $149,221,040

Average Sales Price: $250,945

Rental Values:

Rental from $500 to $6,930

Average Rent Value: $1,257 / month

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