An Expert Snapshot from The Trifilo Team

Buffalo continues to gain national attention as one of the hottest real estate markets in the country. Here’s what buyers, sellers, and investors need to know right now.

🔥 Market Highlights

  • #1 Hottest Market Again
    According to Zillow and Realtor.com, Buffalo ranks as the #1 hottest housing market for 2025. A combination of low inventory, fast sales, and strong job growth is fueling high demand.

  • Home Prices Are Up
    The median list price in Buffalo reached $249,900, a 16.2% year-over-year increase. Price per square foot sits around $177, signaling steady appreciation in home values.

  • Low Days on Market
    Homes in Buffalo are selling in a median of just 16 days, compared to a national average of 56. If you're buying, speed matters.

📊 Local Market Snapshot – July 2025

Median Listing Price: $249,900
Price per Square Foot: $177
Median Days on Market: 16 days
Total Active Listings: Approximately 1,704
Forecasted Price Growth (2025): +2.8% to +3.0%

💼 What’s Driving the Market?

✅ Strong Job Growth

Buffalo is seeing faster job creation than home construction. Major employers like Tesla, Kaleida Health, M&T Bank, and Delaware North are drawing new residents and pushing demand.

✅ Affordable Homes

Buffalo remains one of the most affordable metros in the U.S.. Over 85% of homes sold are within reach for the average household, making it attractive for both locals and out-of-towners.

✅ Low Housing Supply

Limited new construction and fewer listings have kept inventory tight, adding urgency to buyers and power to sellers.

🧭 What This Means for You

🏠 For Sellers

It’s still a seller’s market. With limited competition and fast-moving listings, homes priced right are generating multiple offers quickly.

Pro Tip from The Trifilo Team:
Staging, professional photos, and accurate pricing are critical for maximizing your profit.

🔍 For Buyers

Time is of the essence. Homes are moving fast, especially in neighborhoods like North Buffalo, Williamsville, and Elmwood Village.

Buy Smart:
Get pre-approved, work with a responsive agent (👋 that’s us!), and act fast on the right property.

💼 For Investors

Buffalo offers strong rental returns, long-term appreciation, and affordable entry points—ideal for investors looking to build equity in a stable market.

Local Opportunities:
Multi-family properties near colleges (Canisius, UB) and downtown are seeing solid cash flow potential.

📅 Looking Ahead to Fall 2025

  • Continued modest price growth (around 3%)

  • Inventory may tick up slightly, giving buyers more breathing room

  • Mortgage rates are expected to hold between 6%–7%, but buyer demand should remain steady

💬 Talk to the Trifilo Team

Whether you’re thinking of buying, selling, or investing in Western New York, our team of local experts is here to guide you.