Real estate prices in Schlangen are influenced by several key factors. One major factor is the town's proximity to larger cities, such as Bielefeld, which can drive demand for housing as people seek more affordable living options while still having access to urban amenities. The availability of local infrastructure, including schools, public transportation, and healthcare services, also plays a significant role; properties near well-rated schools or efficient transit links tend to fetch higher prices. Additionally, the economic landscape of the region, including employment opportunities and average income levels, directly impacts buyers' purchasing power. Recent urban development projects or improvements to public spaces can boost property values as well, as they enhance the overall appeal of the area. Finally, the local housing supply—whether there is a surplus of homes or a shortage of available properties—affects prices; a limited inventory in a desirable location may lead to bidding wars, further driving up costs.