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University of Buffalo Multi-family homes for sale Market Report – April 2008

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The University of Buffalo has two campus locations in Buffalo, the North and South Campus. This report covers multi-family homes that are around the South Campus of the University of Buffalo. These homes are popular purchases for parents of University of Buffalo students as a way to house their student and build equity.

Here is what is happening in this segment of the Homes for Sale in the Greater Buffalo NY region:

  • There are currently 41 Active multi-family homes for sale around the University of Buffalo with 5 pending. The average list price of these homes for sale is $70,207. (Highest: $262,500 Lowest: $19,900)
  • In the past 30 days there have been 6 multi-family homes sold around the University of Buffalo averaging $103,883 and spending 103 Days on the Market (DOM). The highest sold for $289,900 (212 DOM) Lowest multi-family home sold for $28,500.
  • In the past 60 days there have been a total of 9 multi-family homes sold with an average sold price of $92,440 and spending an average of 76 DOM.
  • Year to date there as been a total of 17 multi-family homes sold in the University of Buffalo area averaging a total of 82 DOM and selling for an average of $70,082.
  • In 2007 there were a total of 84 closed multi-family homes sold in the University of Buffalo district averaging $52,404 and 57 DOM. The highest sold multi-family unit sold for $110,000 spending a total of 301 DOM while the least expensive sold unit by the University of Buffalo sold for $3,000 and spent 0 DOM.

Interested in finding out the current market value of your Buffalo multi-family home? Then call Colleen Kulikowski at (716) 743-5297 to discuss what is happening in today’s Western New York Real Estate Market or fill out the free CMA form below. View additional WNY Market Area Statistics here.

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.

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