Market Update: September 3, 2025 – 14220 Zip Code Insights

"The Power of Deep Roots"

Welcome to this week’s market update for the 14220 zip code, where South Buffalo Realty Company continues to put our community first! As of August 2025, the real estate landscape in South Buffalo shows some exciting trends. New listings totaled 22, reflecting a steady influx of properties. Homes for sale stand at 28, with a healthy months’ supply of 2.0, indicating a balanced market. The median sales price for August 2025 settled at $229,000, a slight dip from the July 2024 peak of $257,000, yet still a strong value for our area. Additionally, homes are selling at 104.4% of list price, showcasing strong demand from buyers.

This past week, I’ve noticed a slight pick up in people requesting Comparative Market Analyses (CMAs), which is a great sign! If you’re considering selling, this is the perfect time to get a free, no-obligation CMA from SBRC. You might be surprised by your home’s value—prices have risen significantly in recent years. Call me at 716-867-4508 to schedule an appointment or learn more at https://www.sbrealtycompany.com/whats-your-home-worth.

Looking at recent data, our cross-property search reveals a mix of active, pending, and sold listings. Median active listing prices hover around $219,900, while recent sales closed at $180,000, suggesting some variability in pricing that reflects market dynamics.

Interest rates are also a key factor. As of today, 30-year fixed mortgage rates are between 6.45-6.51%, with a slight downward trend. The Federal Reserve is expected to announce rate cuts soon, which could further lower mortgage rates. This potential decrease may stimulate more buyer activity, especially for those looking to lock in better terms, making it a strategic time to list your property. Stay tuned for more updates!

Until next week,

Mark Bookhagen,

716-867-4508 Realtor & Co-Owner, South Buffalo Realty Company

NYS Corporate Real Estate Broker License #10991223968

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