top of page
Search

Buffalo Housing Market Review – July 2025

  • Aug 7
  • 2 min read

If you’re thinking about buying or selling a home in Western New York, the Buffalo Housing Market Review July 2025 offers valuable insights into what’s happening right now. From rising prices to lightning-fast sales, here’s what you need to know.

ree

Key Buffalo & Erie County Housing Market Statistics – July 2025

The local housing market remained competitive in July, with prices up from last year and homes continuing to sell quickly.

  • Median Sale Price: $296,000 (July 2024: $290,000)

  • Median Home Age: 70 years (July 2024: 71 years)

  • Median Days on Market: 8 days (July 2024: 9 days)

  • Median Sale Price to List Price Ratio: 106% (unchanged from 2024)

  • Median Sale Price Per Sq. Ft.: $200.30 (July 2024: $186.01)

  • Median Home Size: 3 bedrooms, 2 bathrooms, 1,594 sq. ft. (July 2024: 1,670 sq. ft.)

ree

Interesting Highlights From July’s Sales Data

While the median numbers tell the main story, there were a few stand-out sales worth noting:

  • Longest Time on Market: One home took 265 days to sell.

  • Oldest Home Sold: Built 224 years ago in 1801, a true piece of Buffalo history.

  • Most Expensive Sale: $1,865,000 for a luxury home.


What This Means for Sellers

The Buffalo housing market is still strong, but the most successful sellers stick to the fundamentals:

  1. Curb Appeal Matters – First impressions count, both online and in person.

  2. Hire a Professional – An experienced real estate agent knows how to market your property effectively.

  3. Price Ahead of the Market – Strategic pricing can generate multiple offers and higher returns.

With the average home selling above asking price and in just over a week, preparation is key to getting the best results.


What This Means for Buyers

For buyers, speed and preparation are essential in a market this competitive:

  1. Get Pre-Approved First – You’ll be ready to make an offer immediately.

  2. Work With an Experienced Agent – The right agent can help you navigate bidding wars and neighborhood nuances.

  3. Know Your Budget – Stay focused on homes you can realistically afford, even in a fast-moving market.


Outlook for the Buffalo Housing Market

The Buffalo Housing Market Review July 2025 shows a community with a mix of historic charm and competitive pricing. While median prices continue to rise, the speed of sales and consistent above-list offers suggest Buffalo remains a seller’s market.

However, market conditions can shift quickly. Interest rates, inventory changes, and seasonal trends can all impact both buyer demand and seller pricing strategies.


Thinking of Buying or Selling?

Whether you’re ready to list your home, start house hunting, or simply want to understand your options, Roncroft Realty is here to guide you. We provide in-depth market expertise, neighborhood insights, and strategic advice tailored to your goals.

📩 Contact us today for a personalized market analysis or to start your home search.


Buffalo Housing Market Review July 2025 – Quick Facts

  • Median Price: $296,000

  • Days on Market: 8

  • Above List Price: 106%

  • Highest Sale: $1.86M

  • Oldest Home: 224 years old


About Roncroft: Roncroft Realty is a locally owned brokerage in Buffalo, NY, committed to helping clients navigate every stage of the real estate process. From first-time buyers to seasoned investors, we combine market knowledge with personalized service.


 
 
 

Comments

bottom of page