New Buffalo, MI

New Buffalo is a city in the state of michigan with a population of roughly 3,756. It is in Berrien County, Michigan the Niles-Benton Harbor, MI core-based statistical areas (CBSA), and the South Bend-Elkhart-Mishawaka, IN-MI combined statistical area (CSA).Its Zip codes include 49117 .

Trends in Home Prices in New Buffalo, Michigan

New Buffalo is a small town located in the heart of Michigan's Thumb region. The population is just over 2,000 people and it has a strong agricultural economy. However, the town has been experiencing rapid growth in recent years as new businesses and homes are being built. This growth has led to an increase in real estate prices and New Buffalo is now considered one of the most desirable places to live in Michigan.

The real estate market in New Buffalo is very competitive and there are many different types of properties available. There are luxury homes, single family homes, condos, apartments, and land plots available for sale. The average price for a home in New Buffalo is $147,000 and the median price is $130,000. The average list price for a home has increased by 21% over the past year while the median list price has increased by 10%.

One of the reasons why real estate prices have increased so much in New Buffalo is because there are many new businesses moving into town. These businesses include a health care company, a technology company, and a data center. These companies are attracted to New Buffalo because of its low cost of living and its close proximity to major cities such as Lansing and Detroit. As a result of this growth, there have been many job opportunities created which have led to an increase in population density. This high population density has made it difficult for buyers who want to purchase a single family home or land plot on their own. Instead, they have had to join bidding wars or negotiate with multiple sellers simultaneously.

Despite these challenges, buyers remain optimistic about the future prospects for real estate prices in New Buffalo. They believe that there will be even more growth in the coming years as more businesses move into town and more people move into the area looking for housing options."

Price Index: Niles, MI

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