Is Buffalo, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Buffalo has remained a Buyer's Market.
Key Takeaway
Buffalo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Buffalo, WY
How much do homes in Buffalo, WY cost?
Median Sold Price
$571,250
$241/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Buffalo have sold for 52.3% more than they did a month ago.
Summary: The median home sold price in Buffalo was $571,250 in March 2024, up 52.3% from last month, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $204K | $610K | +199.0% |
| 3 Bedrooms | $375K | $556.5K | +48.4% |
| 4 Bedrooms | $445K | $571.2K | +28.4% |
| 5+ Bedrooms | - | $540K | N/A |
Summary: Buffalo housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 199%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes did not change.
Housing Supply in Buffalo, WY
How many homes are available in Buffalo, WY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 44 | +12.8% |
Summary: The Buffalo real estate market had 44 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
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 increased by 50%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buffalo, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Buffalo in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Buffalo, WY
How long does it take to sell a home in Buffalo, WY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 172 Days | +179.5% |
Summary: Homes in Buffalo had an average of 172 days on market in Mar 2024, up by 179.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Buffalo has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Buffalo; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Wyoming MLS. All Rights Reserved.
DISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information. © 2024 MLS.