Is Buffalo, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Buffalo has remained a Seller's Market.
Housing Prices in Buffalo, MO
How much do homes in Buffalo, MO cost?
Median Sold Price
$160,950
-
Based on all homes sold in the last 12 months.
Difference Since June 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | - | N/A |
2 Bedrooms | $127.5K | $133.9K | +5.0% |
3 Bedrooms | $185K | $173.7K | -6.1% |
4 Bedrooms | $182K | $227.5K | +25.0% |
5+ Bedrooms | $380K | $320K | -15.8% |
Summary: Buffalo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
South Benton Township | $168K | $202.5K | +20.5% |
Buffalo | $168K | $160.9K | -4.2% |
North Benton Township | $152K | $143K | -5.9% |
Housing Supply in Buffalo, MO
How many homes are available in Buffalo, MO?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
52 | 44 | -15.4% |
Summary: The Buffalo real estate market had 44 homes for sale in June 2024, a 15.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 31 | 23 | -25.8% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Buffalo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Buffalo in June 2024, up by 50.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Buffalo, MO
How long does it take to sell a home in Buffalo, MO?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
55 Days | 41 Days | -25.9% |
Summary: Homes in Buffalo had an average of 41 days on market in Jun 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 15 homes were sold in Buffalo; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.