Buffalo, New York, is no longer just a stop on the way to Niagara Falls. It’s a bustling city in the middle of a real estate renaissance.
Located on the eastern shore of Lake Erie, Buffalo is often overshadowed by the hustle and bustle of New York City. However, the “City of Good Neighbors” offers a welcoming community, historic architecture, and world-class art institutions in its own right.
Whether you’re a Buffalo homeowner considering selling, a business investing in property, or a buyer navigating competitive listings, understanding your property’s value is crucial to making informed financial decisions.
Let’s explore the current real estate shifts in Buffalo and why a professional appraisal is an important next step.
Buffalo is a City on the Rise
Thanks to revitalization efforts like the Buffalo Billion initiative and major investments in healthcare, education, and technology, the Queen City is attracting new businesses, families, and young professionals.
With its rich cultural scene, walkable neighborhoods, and stunning historic architecture, it’s no wonder Buffalo, New York, is drawing national attention. And as more people discover its charm, demand for residential and commercial properties is heating up.
Neighborhoods like First Ward (ZIP 14211) are emerging hotspots, while West Seneca (14224) and Blasdell (14219) remain popular for families seeking stability and accessibility.
The current housing market in Buffalo is dynamic, competitive, and steadily growing. According to recent census data:
- Average home values have climbed to $238,695 (up 3.2% YoY), showing strong, sustainable growth.
- Real estate inventory is expanding, with more than 600 homes on the market, providing buyers with increased options.
- At the same time, homes still go pending in just 9 days on average, providing a good balance for both buyers and sellers.
Whether you’re buying, selling, or planning for the future, it’s clear that the market is moving fast. Knowing your property’s real value gives you the upper hand when making strategic property decisions.
Why You Need a Professional Appraisal
Buffalo is building its next chapter—make sure you know exactly where your property fits in. Don’t leave things up to chance or leave money on the table.
For Homeowners: Know What Your Home Is Really Worth
If you’re thinking of buying or selling, a Buffalo home appraisal helps you price your home competitively, without leaving money on the table.
Even if you’re not planning to move soon, understanding your home’s value helps with refinancing, insurance coverage, and estate planning.
For Buyers: Make Smarter Offers
As the Buffalo real estate market continues to get more competitive, buyers need to be smart. A third-party valuation can validate listing prices and help you avoid overpaying, especially in neighborhoods like First Ward that are growing in popularity.
For Business Owners: Optimize Investment Decisions
Commercial real estate in Buffalo is gaining traction. A professional real estate appraisal ensures you’re making informed decisions on purchases, leases, or expansions for your Buffalo, NY-based business.
Legal & Financial Clarity
Appraisals support fair and accurate legal proceedings for divorce settlements, probate cases, business partnership dissolutions, and more. They’re also critical for audits, loan applications, and business mergers.
Work With Akrivis for Your Buffalo Real Estate Appraisal
Akrivis Real Estate Valuation Services specializes in evaluations and appraisals in Buffalo and Erie County, providing services tailored to individuals, businesses, legal teams, financial institutions, and other entities.
Our team understands Buffalo’s unique neighborhoods, development history, and market trends. Whether you’re dealing with a century-old home in Allentown or a new commercial space near Canalside, a locally grounded appraisal brings precision and peace of mind.
Whether you’re looking to sell, refinance, invest, or just plan for the future, we’re here to help. Our Buffalo appraisers offer fast, accurate property appraisals within 5 business days, on average, and backed by experience and the latest technology.