Is New Buffalo Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $250K | $196K | -21.6%  |
| 2 Bedrooms | $265K | $340K | +28.3% |
| 3 Bedrooms | $462.5K | $515K | +11.4% |
| 4 Bedrooms | $760.7K | $733.7K | -3.5% |
| 5+ Bedrooms | $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 2022 | May 2022 | % |
|---|---|---|
| 46 | 48 | +4.3% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0%  |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 14 | 8 | -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
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 