Is Buffalo, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Buffalo was a Seller's Market.
Housing Prices in Buffalo, MO
How much do homes in Buffalo, MO cost?
Median Sold Price
$157,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Buffalo was $157,000 in March 2024, up 1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | - | N/A |
2 Bedrooms | $110K | $128.8K | +17.1% |
3 Bedrooms | $172.5K | $179.5K | +4.1% |
4 Bedrooms | $163K | $182K | +11.7% |
5+ Bedrooms | $380K | $312.5K | -17.8% |
Summary: Buffalo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Cities
North Benton Township | $139K | $147.5K | +6.1% |
Buffalo | $155.5K | $157K | +1.0% |
South Benton Township | $175K | $163.5K | -6.6% |
Housing Supply in Buffalo, MO
How many homes are available in Buffalo, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 51 | +27.5% |
Summary: The Buffalo real estate market had 51 homes for sale in March 2024, a 27.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Buffalo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Buffalo in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 75 Days | -7.8% |
Summary: Homes in Buffalo had an average of 75 days on market in Mar 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Buffalo; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.