$1,366 Closing Credit*
$115,000
2 Beds
•1 Full Bath
Sarah Funk - Adkins, Listing Office: COLLINS and CO REALTORS - PLYMOUTH
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
$196,450
$131/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$1,450(+0.7%)
Key Takeaway
Homes in South Bend have sold for 0.7% more than they did a month ago.
Summary: The median home sold price in South Bend was $196,450 in September 2024, up 0.7% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115.7K | N/A |
| 2 Bedrooms | $100K | $154.5K | +54.5% |
| 3 Bedrooms | $189.9K | $200K | +5.3% |
| 4 Bedrooms | $290K | $270K | -6.9% |
| 5+ Bedrooms | $485.5K | $355K | -26.9% |
Summary: South Bend housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Cities
| Portage Township | $142K | $158.5K | +11.6% |
| South Bend | $195K | $196.4K | +0.7% |
| Clay Township | $348.7K | $300K | -14.0% |
| German Township | $295K | $250K | -15.3% |
Housing Supply in South Bend, IN
How many homes are available in South Bend, IN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 560 | 679 | +21.3% |
Summary: The South Bend real estate market had 679 homes for sale in September 2024, a 21.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 121 | 155 | +28.1% |
| 3 Bedrooms | 272 | 330 | +21.3% |
| 4 Bedrooms | 123 | 142 | +15.4% |
| 5+ Bedrooms | 39 | 44 | +12.8% |
Summary: The South Bend housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 96 | 192 | +100.0% |
Asking Price vs. Sold Price
92 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
50 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. 50.5% of homes here sold below asking price last month.
Summary: A total of 192 homes were sold or pending in South Bend in September 2024, up by 100.0% month-over-month. Of the 182 sold homes, 51% were sold under asking, 22% were sold at asking, and 27% were sold over asking.
Days on Market for South Bend, IN
How long does it take to sell a home in South Bend, IN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Bend are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 192 homes were sold in South Bend; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.