"Buffalo is gaining fresh traction with smart and savvy homebuyers, according to the Realtor.com® November 2025 Housing Trends Report, standing out as one of the metros where affordability continues to attract buyers facing today's elevated borrowing costs. As national momentum cools and more expensive regions see slower demand, shoppers are increasingly seeking out "refuge markets"-traditionally budget-friendly metros that offer both attainable pricing and steady appreciation."
"In November, Buffalo posted a median list price of $259,900, an increase of 4.0% from last year. The city's price per square foot rose 3.7% year-over-year, outperforming the national PPSF decline of 1.0%. These gains reflect the continued draw of Buffalo, especially as buyers navigate higher rates and reconsider what they can realistically afford. Buffalo's longer-term appreciation confirms its strength as a reliable region to settle down in."
Buffalo is gaining traction with savvy homebuyers as affordability attracts buyers facing elevated borrowing costs. Median list price reached $259,900 in November, up 4.0% year-over-year. Price per square foot rose 3.7% year-over-year, outpacing the national PPSF decline of 1.0%. Since 2022, PPSF climbed 17.2%, ranking Buffalo among refuge markets alongside Grand Rapids, Milwaukee, and Cleveland. Pittsburgh showed a 3.7% PPSF gain year-over-year and 7.8% growth since 2022, indicating slower long-term appreciation than Buffalo. Active listings in Buffalo rose 10.9% year-over-year.
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