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Land Foreclosures in New Buffalo, MI

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New Buffalo, MI Foreclosures

How much do homes sell for in New Buffalo, MI?
The average home price is currently $889,365.
In New Buffalo, MI, how many homes are available?
There are currently 2 active home listings available in New Buffalo.
What’s the average rental cost in New Buffalo, MI?
The average rental price in New Buffalo is $1,661.
What is the most expensive home in New Buffalo?
The most expensive home sold in New Buffalo had a price of $11,399,482.
What is currently the cheapest priced home in New Buffalo, MI?
The cheapest home for sale in New Buffalo is priced at $10,098.

Living in New Buffalo, MI

New Buffalo is a picturesque waterfront city located in Michigan, famous for its beautiful beaches along Lake Michigan and vibrant local culture. With an array of shops, dining options, and recreational activities, this charming community is perfect for families and individuals alike. Outdoor enthusiasts can explore nearby parks and nature trails while enjoying the serene Lake Michigan shoreline.

Current Market Conditions in New Buffalo, MI

New Buffalo has experienced a stable real estate market over recent years, with a steady increase in property values. The demand for homes close to the lake has been significant, driven by both permanent residents and those looking for vacation homes.

Investing in New Buffalo is appealing due to its proximity to major cities such as Chicago and Detroit, combined with its attractive small-town charm. Real estate trends indicate a healthy growth trajectory, appealing to potential buyers and investors alike.

Home Value Estimator For New Buffalo, MI

There are currently 4,203 real estate properties in New Buffalo, MI, with a median automated valuation model (AVM) price of $630,463.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Buffalo, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Buffalo, MI, is $889,365.00, with the most expensive house in New Buffalo, MI, topping out at $11,399,482.00 and the cheapest home in New Buffalo, MI, clocking in at $10,098.00. In other words, there’s something for every potential homebuyer or savvy investor in New Buffalo, MI!

Rent Prices In New Buffalo, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Buffalo, MI, is on a rollercoaster ride. The average rent price in New Buffalo, MI, is $1,661.00. Indeed, when looking to rent in New Buffalo, MI, you can expect to pay as little as $840.00 or as much as $3,280.00, with the average rent median estimated to be $1,620.00. The good news is that finding an affordable and desirable property to rent in New Buffalo, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

New Buffalo, MI Land

Market Trend for New Buffalo, MI

Total Listings Available: 2

Market Values:

Home Prices from $10,098 to $11,399,482

Average Sales Price: $889,365

Rental Values:

Rental from $840 to $3,280

Average Rent Value: $1,661 / month

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