Welcome to 14220 Market Updates!

Welcome to South Buffalo!

Hello, South Buffalo neighbors and friends! I'm Mark Bookhagen, Realtor and co-owner of South Buffalo Realty Company. If you've been following our work at www.sbrealtycompany.com, you know we're all about putting our community first. Born and raised right here in South Buffalo, my team and I are dedicated to providing safe, quality, affordable housing—whether that's buying, renovating, leasing, or selling properties in our beloved 14220 and 14210 zip codes. We're the only brokerage hyper-focused on this area, where most of our clients are moving in or out, and we're deeply invested with our own income properties and personal homes.

Today, I'm excited to launch this blog series: the South Buffalo Real Estate Market Update. Every so often, I'll share the latest market data for the 14220 zip code, my solid observations from the charts, and a few personal experiences from the prior week or month. The goal? To keep you informed on trends that matter if you're thinking about selling, buying, or investing in our neighborhood—one of Buffalo's best-kept secrets. We'll dive into how national factors like interest rates are playing out locally, and I'll always tie it back to what it means for you as a potential seller.

Let's kick things off with a look at the July 2025 market data, fresh from InfoSparks, combined with my observations from the past week. Overall, the long-term story is positive: Median sales prices in 14220 have climbed steadily from around $175,000 in early 2022 to $225,800 as of July 2025—a solid appreciation that reflects the growing appeal of our community. Looking even further back to 2012, when prices hovered around $75,000, it's clear South Buffalo has been on an upward trajectory, driven by our strong neighborhood ties and affordable housing options.

But here's where it gets interesting—and a bit cautionary. July marked the first drop in median sales price since July 2023, and this time it was steeper than before. After a peak, prices dipped, suggesting a potential cooling period. The price per square foot also shows signs of decline, dropping from its recent highs, which could signal a shift in buyer behavior—possibly influenced by rising interest rates that have made financing more expensive. Historically, higher interest rates can slow market momentum as buyers adjust to increased borrowing costs, and this might be starting to reflect in our local data.

On a brighter note, activity in the past 7 days has been encouraging. Across all property types in 14220, we saw 8 new listings, 8 sold properties (including my recent sales of a 4-unit building and a single-family home for a combined $690,000), 3 pending sales, and only 8 price decreases. This activity, with a strong showing of closed sales, indicates that despite the price dip, demand remains solid. My personal experience this week reinforces this—contracting those two properties shows buyers are still active, especially for well-priced, quality homes we specialize in at South Buffalo Realty.

Looking ahead, the months supply of homes for sale has risen slightly, suggesting a bit more inventory on the market, which could ease pressure on prices if it continues. However, the median percent of list price remains healthy at 105.4% as of July, showing sellers are still achieving strong returns. With interest rates likely to stay a key factor, now might be a strategic time for sellers to list, especially if they can price competitively to attract the current buyer pool.

Stay tuned next Monday for more updates, and feel free to reach out if you're considering a move in South Buffalo. Let’s keep our community thriving together!

Posted by Mark Bookhagen, South Buffalo Realty Company, August 18, 2025, 11:43 AM EDT

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