$5,990,000
10,631 SqFt
7 Beds
•6 Full Baths, 4 Partial
Tyler Brady, Listing Office: Luxury Homes of Las Vegas
Is Buffalo, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Buffalo was a Neutral 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
$498,700
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$43,300(-8.0%)
Key Takeaway
Homes in Buffalo have sold for 8% less than they did a year ago.
Summary: The median home sold price in Buffalo was $498,700 in November 2024, down 8% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221.7K | $240K | +8.2% |
| 3 Bedrooms | $413K | $460K | +11.4% |
| 4 Bedrooms | $791K | $610K | -22.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +5.2% |
Summary: Buffalo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in Buffalo, NV
How many homes are available in Buffalo, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 80 | +27.0% |
Summary: The Buffalo real estate market had 80 homes for sale in November 2024, a 27.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Buffalo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Buffalo in November 2024, up by 150.0% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 80 Days | +385.4% |
Summary: Homes in Buffalo had an average of 80 days on market in Nov 2024, up by 385.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 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 November 2024, 10 homes were sold in Buffalo; 10% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 30% 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.