Is New Buffalo Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Buffalo Township is a neutral's market

Buyer's
Market

Difference Since May 2021

At the same time last year, New Buffalo Township was a Seller's Market.

Key Takeaway

New Buffalo Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in New Buffalo Township, MI cost?

Median Sold Price

$634,000

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$31,500(+5.2%)

Key Takeaway

Homes in New Buffalo Township have sold for 5.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $250K$196K
-21.6%
2 $265K$340K
+28.3%
3 $462.5K$515K
+11.4%
4 $760.7K$733.7K
-3.5%
5+ $1.2M$1.3M
+12.5%

Median Sold Price Compared To Nearby Cities

Union Pier
+25.5%
New Buffalo
+13.2%
New Buffalo Township
+5.2%

How many homes are available in New Buffalo Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
4648+4.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 42
-50.0%
3 1316
+23.1%
4 1012
+20.0%
5+ 1918
-5.3%

Number of Homes Sold

Apr 2022May 2022%
148-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Buffalo Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Buffalo Township, MI

New Buffalo Township, MI has 48 homes on the market. The number of listings in New Buffalo Township, MI increased by 4.3% between April 2022 and May 2022. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties became 21.6% more cheaper, prices of 2 bedrooms properties went up by 28.3%, the cost of 3 bedrooms properties went up by 11.4%, prices of 4 bedrooms properties went down by 3.5%, prices of 5 bedrooms properties increased by 12.5%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 50%, number of 3 bedrooms homes increased by 23.1%, volume of 4 bedrooms homes went up by 20%, the quantity of 5 bedrooms homes went down by 5.3%. New Buffalo Township, MI housing market in May 2022 saw over 4 listings sold above listed price, more than 2 sold at listed price and over 2 sold below.

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