Is Buffalo, VA 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 April 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, VA

How much do homes in Buffalo, VA cost?

Median Sold Price

$350,000

$198/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in Buffalo has remained the same since last year.

Summary: The median home sold price in Buffalo was $350,000 in April 2024, the same as last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $249.9K$135K
-46.0%
3 $350K$300K
-14.3%
4 -$550K
N/A
5+ $410K-
N/A

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 decreased by 46%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Buffalo, VA

How many homes are available in Buffalo, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
87-12.5%

Summary: The Buffalo real estate market had 7 homes for sale in April 2024, a 12.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 44
0.0%
5+ 00
0.0%

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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 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 2 homes were sold or pending in Buffalo in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Buffalo, VA

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Buffalo, VA

Nearby Markets to Buffalo, VA

What housing markets are near Buffalo, VA?