Market Intelligence Report — NY-380

Buffalo-Cheektowaga, NY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NY-05
As of the latest 2026 data
Very Competitive

Median Listing

$265K
-11.6% YoY

Pending Ratio

1.55
-14.5% YoY

Active Inventory

1,211
+17.3% YoY

Median DOM

31 Days
+3.3% YoY

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The Buffalo-Cheektowaga market remains highly competitive, with a pending ratio of 1.55 indicating robust demand absorption. Despite a significant 11.6% year-over-year decline in median listing price, new listings have increased by nearly 20% year-over-year.

Market Analysis

What's moving the Buffalo-Cheektowaga market right now.

Active listings have expanded by 17.3% year-over-year, accompanied by a 19.9% year-over-year increase in new listings. Inventory, however, is being rapidly absorbed, as reflected in the elevated pending ratio. Median days on market have marginally increased by 3.3% year-over-year, while the median listing price has contracted by 11.6% year-over-year, suggesting some price adjustments across the market.

Historical Analysis

Market Trends

Median Price

$265K+0.1% MoM

Active Inventory

1,211+17.3% YoY

Days on Market

31+3.3% YoY

Sold Score™

82-14.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

82
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 1.55, demand is significantly outpacing the rate of new supply. This dynamic places considerable pressure on available inventory, suggesting that properties are moving quickly. While median prices have declined year-over-year, the pace of absorption indicates that price discipline remains a critical factor for sellers looking to capitalize on existing demand.

Luxury Segment

The average listing price in Buffalo-Cheektowaga declined by 6.2% year-over-year, while the median listing price declined by 11.6% over the same period. This narrower decline in the average price, alongside a 5.8% year-over-year decrease in median $/sqft, may suggest a degree of relative stabilization at higher price points, or a compositional shift in available inventory. No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,211 active listings represent the current floor, with new supply arriving at roughly 1,252 per month.

Pricing Pressure
6.9%

of active listings carry a price reduction, -0.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -5.8% year-over-year.

Absorption
1.55

Pending-to-active ratio — Very Competitive.

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Metro Demographics

Metro Area
Buffalo-Cheektowaga, NY
CBSA Code
15380
State
NY

ZIPs in Buffalo-Cheektowaga, NY

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Buffalo-Cheektowaga?+

    As of the latest 2026 data, the Buffalo-Cheektowaga metro is classified as Very Competitive. Pending ratio is 1.55 with median days on market at 31.

  • Are home prices dropping in Buffalo-Cheektowaga?+

    Median listing price is $265K, -11.6% year over year. 6.9% of active listings carry a price reduction.

  • How fast are homes selling in Buffalo-Cheektowaga?+

    The typical listing sits 31 days on market, a +3.3% change YoY. New listings are arriving at 1,252 per month.

  • What's happening in the Buffalo-Cheektowaga luxury market?+

    The average listing price in Buffalo-Cheektowaga declined by 6.2% year-over-year, while the median listing price declined by 11.6% over the same period. This narrower decline in the average price, alongside a 5.8% year-over-year decrease in median $/sqft, may suggest a degree of relative stabilization at higher price points, or a compositional shift in available inventory. No distinct luxury-segment signal in this dataset.

  • Where can I find a trusted Buffalo-Cheektowaga real estate expert?+

    Primpted maintains a vetted registry of Buffalo-Cheektowaga agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 15380 · 36mo history