$10,000 Closing Credit*
$1,099,000
3,189 SqFt
4 Beds
•4 Full Baths
Peter G Rahm, Erica Johnson, Listing Office: Keller Williams Realty SWM
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 November 2023
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.
Housing Prices in New Buffalo Township, MI
How much do homes in New Buffalo Township, MI cost?
Median Sold Price
$669,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$84,000(+14.4%)
Key Takeaway
Homes in New Buffalo Township have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in New Buffalo Township was $669,000 in November 2024, up 14.4% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.2K | $429K | +29.1% |
| 2 Bedrooms | $389.5K | $393.7K | +1.1% |
| 3 Bedrooms | $500K | $560K | +12.0% |
| 4 Bedrooms | $668.6K | $1.0M | +50.3% |
| 5+ Bedrooms | $1.3M | $1.9M | +39.7% |
Summary: New Buffalo Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 50.3%, and 5+ bedroom homes increased by 39.7%.
Median Sold Price Compared To Nearby Cities
| Union Pier | $765K | $940K | +22.9% |
| New Buffalo Township | $585K | $669K | +14.4% |
| New Buffalo | $573K | $635K | +10.8% |
Housing Supply in New Buffalo Township, MI
How many homes are available in New Buffalo Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 74 | -14.0% |
Summary: The New Buffalo Township real estate market had 74 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 35 | 29 | -17.1% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The New Buffalo Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Buffalo Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in New Buffalo Township in November 2024, down by 35.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for New Buffalo Township, MI
How long does it take to sell a home in New Buffalo Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 59 Days | +272.2% |
Summary: Homes in New Buffalo Township had an average of 59 days on market in Nov 2024, up by 272.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Buffalo Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in New Buffalo Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
