Is Buffalo, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Buffalo has remained a Neutral Market.
Housing Prices in Buffalo, NV
How much do homes in Buffalo, NV cost?
Median Sold Price
$540,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Buffalo was $540,000 in April 2024, up 16.6% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $231.2K | +2.8% |
3 Bedrooms | $465K | $426K | -8.4% |
4 Bedrooms | $728.5K | $695K | -4.6% |
5+ Bedrooms | $1.0M | $1.0M | +4.7% |
Summary: Buffalo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in Buffalo, NV
How many homes are available in Buffalo, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 70 | +22.8% |
Summary: The Buffalo real estate market had 70 homes for sale in April 2024, a 22.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Buffalo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Buffalo in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Buffalo, NV
How long does it take to sell a home in Buffalo, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 35 Days | -50.6% |
Summary: Homes in Buffalo had an average of 35 days on market in Apr 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Buffalo; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.