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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buffalo is a seller's market

Buyer's
Market

Difference Since June 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

$160,950

-

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$7,050(-4.2%)

Key Takeaway

Homes in Buffalo have sold for 4.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $40K-
N/A
2 $127.5K$133.9K
+5.0%
3 $185K$173.7K
-6.1%
4 $182K$227.5K
+25.0%
5+ $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
+20.5%
Buffalo
-4.2%
North Benton Township
-5.9%

Housing Supply in Buffalo, MO

How many homes are available in Buffalo, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5244-15.4%

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

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 88
0.0%
3 3123
-25.8%
4 98
-11.1%
5+ 34
+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 2024Jun 2024CHANGE
1015+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buffalo, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
55 Days41 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Buffalo, MO

Nearby Markets to Buffalo, MO

What housing markets are near Buffalo, MO?