$8,301 Closing Credit*
$699,000
1,750 SqFt
3 Beds
•2 Full Baths
Rob Gow, Listing Office: Berkshire Hathaway HomeServices Chicago
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 October 2023
Since last year, New Buffalo Township has remained a Seller's Market.
Key Takeaway
New Buffalo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Buffalo Township, MI
How much do homes in New Buffalo Township, MI cost?
Median Sold Price
$669,500
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$87,000(+14.9%)
Key Takeaway
Homes in New Buffalo Township have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in New Buffalo Township was $669,500 in October 2024, up 14.9% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.2K | $439.5K | +32.3% |
| 2 Bedrooms | $389.5K | $393.7K | +1.1% |
| 3 Bedrooms | $525K | $642.4K | +22.4% |
| 4 Bedrooms | $668.6K | $1.0M | +49.5% |
| 5+ Bedrooms | $1.4M | $1.8M | +33.6% |
Summary: New Buffalo Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Cities
| Union Pier | $810K | $1.0M | +25.0% |
| New Buffalo Township | $582.5K | $669.5K | +14.9% |
| New Buffalo | $566.2K | $642.8K | +13.5% |
| Grand Beach | $1.2M | $1.3M | +8.6% |
Housing Supply in New Buffalo Township, MI
How many homes are available in New Buffalo Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 91 | +7.1% |
Summary: The New Buffalo Township real estate market had 91 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 35 | 38 | +8.6% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The New Buffalo Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in New Buffalo Township in October 2024, up by 54.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 80 Days | 0.2% |
Summary: Homes in New Buffalo Township had an average of 80 days on market in Oct 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 17 homes were sold in New Buffalo Township; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.