$2,470 Closing Credit*
$208,000
3 Beds
•1 Full Bath
Jennifer Lillie, Listing Office: Century 21 Circle
Is South Bend, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Bend has remained a Seller's Market.
Key Takeaway
South Bend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Bend, IN
How much do homes in South Bend, IN cost?
Median Sold Price
$178,000
$130/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$11,900(-6.3%)
Key Takeaway
Homes in South Bend have sold for 6.3% less than they did a month ago.
Summary: The median home sold price in South Bend was $178,000 in October 2024, down 6.3% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.7K | - | N/A |
| 2 Bedrooms | $159.5K | $125K | -21.6% |
| 3 Bedrooms | $195.5K | $199.9K | +2.3% |
| 4 Bedrooms | $260K | $230K | -11.5% |
| 5+ Bedrooms | $340K | $319.9K | -5.9% |
Summary: South Bend housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| German Township | $250K | $295K | +18.0% |
| South Bend | $189.9K | $178K | -6.3% |
| Portage Township | $156.5K | $141.2K | -9.7% |
| Clay Township | $300K | $232.5K | -22.5% |
Housing Supply in South Bend, IN
How many homes are available in South Bend, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 678 | 713 | +5.2% |
Summary: The South Bend real estate market had 713 homes for sale in October 2024, a 5.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 155 | 163 | +5.2% |
| 3 Bedrooms | 331 | 350 | +5.7% |
| 4 Bedrooms | 144 | 152 | +5.6% |
| 5+ Bedrooms | 40 | 41 | +2.5% |
Summary: The South Bend housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 191 | 170 | -11.0% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Bend, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 170 homes were sold or pending in South Bend in October 2024, down by 11.0% month-over-month. Of the 161 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.
Days on Market for South Bend, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.