Summary:
Buffalo, NY ranked as the hottest housing market in the US for 2025 by Zillow.
This marks the second consecutive year Buffalo has held the top spot.
High job growth and intense buyer competition are key factors driving the market.
Home values rose 5.8% in 2024 but are projected to decline slightly in 2025.
Zillow's ranking considers multiple factors including projected home value growth and job market trends.
Buffalo Tops Zillow's Hottest Housing Markets for 2025
For the second year in a row, Buffalo, NY's metro area has been named the hottest housing market in the US by Zillow. This is the first time a city has held the top spot for two consecutive years.
Key Factors Contributing to Buffalo's Hot Market:
- High Job Growth: Buffalo boasts a significant number of new jobs relative to new home construction permits. This influx of jobs fuels the demand for housing.
- Strong Buyer Competition: Intense competition among buyers keeps the market active.
- Rising Home Values (2024): Home values increased by 5.8% in 2024, although a slight decrease is projected for 2025.
Zillow's Methodology:
The ranking considers projected home value growth, market speed, labor market changes, construction activity, and the number of homeowner households.
Other Notable Markets:
Zillow's top 10 list also includes cities like Indianapolis, Providence, Hartford, and Philadelphia. New York City ranked 41st on the list.
You can explore Zillow's full report for more detailed information: Zillow's 2025 Hottest Markets
Comments
Join Our Community
Create an account to share your thoughts, engage with others, and be part of our growing community.