Is Buffalo, MO a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Buffalo is a seller's market


Difference Since May 2023

Since last year, Buffalo has remained a Seller's Market.

Key Takeaway

Buffalo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Buffalo, MO

How much do homes in Buffalo, MO cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Buffalo have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Buffalo was $162,000 in May 2024, down 3.6% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $40K-
2 $126.6K$135.9K
3 $182.4K$174.7K
4 $159.1K$227.5K
5+ $360K$340K

Summary: Buffalo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Cities

North Benton Township

Housing Supply in Buffalo, MO

How many homes are available in Buffalo, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Buffalo real estate market had 51 homes for sale in May 2024, a 10.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
2 89
3 3030
4 59
5+ 32

Summary: The Buffalo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buffalo, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Buffalo in May 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

May 2023May 2024CHANGE
48 Days51 Days+6.4%

Summary: Homes in Buffalo had an average of 51 days on market in May 2024, up by 6.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buffalo are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 9 homes were sold in Buffalo; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Buffalo, MO

Nearby Markets to Buffalo, MO

What housing markets are near Buffalo, MO?