$6,650 Closing Credit*
$560,000
2,048 SqFt
3 Beds
•1 Full Bath
Ehren Alessi, Listing Office: LIFE Realty District
Is Buffalo, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Buffalo was a Seller'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, NV
How much do homes in Buffalo, NV cost?
Median Sold Price
$502,450
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,550(-0.7%)
Key Takeaway
Homes in Buffalo have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Buffalo was $502,450 in October 2024, down 0.7% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $237.5K | +8.0% |
| 3 Bedrooms | $430K | $460K | +7.0% |
| 4 Bedrooms | $700K | $631.7K | -9.7% |
| 5+ Bedrooms | $1.0M | $1.1M | +4.3% |
Summary: Buffalo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in Buffalo, NV
How many homes are available in Buffalo, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 74 | +2.8% |
Summary: The Buffalo real estate market had 74 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Buffalo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 4 | -75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Buffalo in October 2024, down by 75.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Buffalo, NV
How long does it take to sell a home in Buffalo, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 31 Days | -27.1% |
Summary: Homes in Buffalo had an average of 31 days on market in Oct 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buffalo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Buffalo; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.