Market Intelligence Report — NY-380

Buffalo-Cheektowaga, NY

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

Ref. No: 2026-NY-07
As of the latest 2026 data
Very Competitive

Median Listing

$275K
-8.2% YoY

Pending Ratio

1.57
-13.6% YoY

Active Inventory

1,592
+20.4% YoY

Median DOM

38 Days
+11.1% YoY

Primary Intelligence Tool — Sold Score™

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The Buffalo-Cheektowaga market exhibits very competitive conditions, with a pending ratio of 1.57 indicating demand significantly outstripping available inventory. This market continues to absorb listings at a rapid pace relative to new supply.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.1%+0.4 pp YoY

Unemployment rate · Jun 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

1.16M-0.1% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

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

Active listings have increased by 20.4% year-over-year, alongside a 17.3% year-over-year rise in new listings, suggesting an expansion of available properties. Despite this growth in supply, the market’s absorption rate remains high, reflected in a pending ratio of 1.57. Median listing prices have observed a decline of 8.2% year-over-year, while the median price per square foot has also decreased by 2.9% over the past year. Days on market have extended by 11.1% year-over-year, reaching 38 days, and the share of price reductions has incrementally risen by 1.3% year-over-year to 10.5%.

Historical Analysis

Market Trends

Median Price

$275K+0.9% MoM

Active Inventory

1,592+20.4% YoY

Days on Market

38+11.1% YoY

Sold Score™

78-13.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

78
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 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

The elevated pending ratio underscores intense inventory pressure, granting properties that enter pending status a strong pace of transaction. Negotiating leverage is firmly with those properties that meet market demand, reflecting an environment where inventory absorption is exceptionally rapid. Price discipline is likely influenced by the swift competition for available listings.

Luxury Segment

The average listing price has declined by 8.1% year-over-year, while the median listing price has fallen by 8.2% year-over-year. The average price-to-median price spread remains notable at 1.33 ($366,173 vs $274,900), suggesting potential softening or price adjustments at higher price tiers within the market, but the dataset lacks specific top-tier $/sqft metrics for further luxury segmentation.

Supply Dynamics

1,592 active listings represent the current floor, with new supply arriving at roughly 1,366 per month.

Pricing Pressure
10.5%

of active listings carry a price reduction, +1.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.9% year-over-year.

Absorption
1.57

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Buffalo-Cheektowaga, NY? Homes here are taking 4 days longer to sell than last year.

Demand in Buffalo-Cheektowaga, NY is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
157%
Median Days on Market
38 days
Inventory YoY
+20%

Demand is strong in Buffalo-Cheektowaga, NY. Check your Sold Score before you price — conditions this favorable don't hold forever.

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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