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Featured local agent — New Buffalo, MI
Sarah Mitchell
Compass Real Estate · New Buffalo, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Buffalo, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$575,000median sale price
How is the New Buffalo, MI housing market right now?
The median home sale price in New Buffalo, MI is $575,000, down 8.6% year-over-year. Homes sell in an average of 43 days with 38 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Buffalo a buyer's or seller's market?
New Buffalo, MI is currently a balanced market, based on 3.5 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
43
Average pace
Active listings
38
3.5 months supply
Sale-to-list
96.7%
Below asking
What does the New Buffalo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $575,000 |
| Median list price | $499,000 |
| Year-over-year price change | -8.6% |
| Average days on market | 43 days |
| Active inventory | 38 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $401/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 15 |
| Listings with a price cut | 18.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in New Buffalo by property type?
How the New Buffalo, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $500,000 | $216/sq ft | 3 | 43 days |
| Condo / Co-op | $627,500 | $513/sq ft | 8 | 35 days |
Source: Redfin · Updated monthly
The New Buffalo housing market is currently classified as a balanced market with a median sale price of $575,000. Prices have fallen 8.6% compared to last year, with homes spending an average of 43 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 10.5x provides context for how home values compare to local earning capacity.
Homes for sale in New Buffalo
There are currently 38 homes listed for sale in New Buffalo, Michigan. The median listing price is $499K.
Active listings
38
Homes on market
Median list price
$499K
Avg. days on market
43
Days until sale
New this week
15
Newly listed
Who lives in New Buffalo?
Population
1,306
Median income
$64,524/yr
Median age
53.8 years
Owner-occupied
76.3%
College grads
40.1%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in New Buffalo?
Zillow home value
$680,525
Price-to-income
10.5x
Source: Zillow Research
What is it like to live in New Buffalo?
New Buffalo is a community of approximately 1K residents with a median age of 53.8 years.The median household income is $64,524, which represents a working-class community with solid middle-income opportunities. 40.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 76.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Buffalo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Buffalo?
3 schools tracked · 508 students
The largest public schools serving New Buffalo, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
New Buffalo Elementary School
Grades PK-5 · 216 students
New Buffalo Senior High School
Grades 9-12 · 169 students
New Buffalo Middle School
Grades 6-8 · 123 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Buffalo, MI?
Want a head-to-head view? Compare New Buffalo side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Buffalo?
The median home sale price in New Buffalo is $575,000, down 8.6% from last year.
How long do homes stay on market in New Buffalo?
Homes typically spend 43 days on market before going under contract.
What is the median income in New Buffalo?
The median household income is $64,524 per year.
Is New Buffalo a buyer's or seller's market?
With 3.5 months of supply, New Buffalo is currently a balanced market.
What is the Zillow home value estimate for New Buffalo?
The Zillow Home Value Index (ZHVI) for New Buffalo is $680,525, representing the typical home value in the area.
What is the median condo price in New Buffalo?
The median condo/co-op sale price in New Buffalo, MI is $627,500, compared to $500,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Buffalo?
The median single-family home price in New Buffalo, MI is $500,000 (about $216 per square foot).
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