Why Live in Downtown Buffalo
Downtown Buffalo is a bustling business district known for its towering high-rises and historic buildings. While it may lack the neighborhood feel of areas like Allentown or West Side, it offers a modernized public transit system and a growing number of apartments, fostering a sense of community. Residents enjoy proximity to work and a variety of things to do, including the Saint Patrick's Day Parade, Taste of Buffalo festival, and summer farmers' markets. The Buffalo Theatre District, featuring Shea's Theater, hosts live performances, while sports fans can catch Buffalo Bisons games at Sahlen Field or Buffalo Sabres hockey at KeyBank Center. Canalside, a vibrant waterfront area, offers affordable events and programs year-round. Despite a lack of substantial retail and amenities, the opening of Braymiller Market in 2021 has improved access to fresh groceries. Unique local businesses like Hounds & Hops, a combination brewery and dog care service, are also emerging. The Michigan Street African American Heritage Corridor preserves the city's history and culture, with attractions like the Colored Musicians Club & Jazz Museum and the Michigan Street Baptist Church. Downtown's housing market is dominated by rentals, but there are condo options ranging from historic buildings to modern glass structures. PS 304 Hutchinson Central Technical, a highly rated high school, is within walking distance. The Buffalo Police Department has increased police presence in certain areas, contributing to a significant drop in homicide rates, and several non-profit organizations are working to enhance safety.
Home Trends in Downtown Buffalo, NY
On average, homes in Downtown Buffalo, Buffalo sell after 40 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Buffalo, Buffalo over the last 12 months is $337,500, up 69% from the median home sale price over the previous 12 months.
Median Sale Price
$337,500
Median Single Family Sale Price
$349,900
Median 2 Bedroom Sale Price
$357,500
Median 1 Bedroom Sale Price
$192,937
Average Price Per Sq Ft
$290
Number of Homes for Sale
18
Last 12 months Home Sales
36
Median List Price
$345,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
69%