South Bend - IN housing market
The South Bend metro has a typical home value of $237,622, up 6.3% from a year ago. Homes are moving fast at 17 days on market, a strong seller's market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.
South Bend housing market, October 2026
The typical South Bend home is worth $237,622 as of September 2026, up 0.4% from the prior month, up 1.2% over three months, and up 6.3% from a year ago. Over the past two years values have ranged from $216,158 to $237,622.
Homes are going pending in about 17 days, slower than the 9 days seen three months earlier. There are roughly 1,177 homes for sale, 6% more than a year ago. 29.9% of listings have taken a price cut (up from 22.5% three months ago).
Typical rent is $1,258 a month, up 1.9% year over year, which puts the price-to-rent ratio at 15.7.
At this week's 7.40% mortgage rate with 20% down ($47,524), the typical South Bend home costs about $1,613 a month including tax and insurance, which needs a household income of roughly $69,100 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($237,622) is the Zillow Home Value Index for the South Bend - IN metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 6.3% over the past year. In South Bend - IN, that means a home worth $223,539 last year is now worth roughly $237,622.
The median sale price, what homes actually close for, is $227,028. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.
Homes listed in South Bend - IN sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 411 new listings hit the market each month in South Bend - IN. There are currently 1,177 homes for sale, up 5.7% from a year ago.
The typical monthly rent in South Bend - IN is $1,258, up 2.0% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.7x, toss-up (#130 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,316 a month in principal and interest, $58 more than renting before taxes, insurance and upkeep. The two break even at a 6.95% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in IN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Indianapolis - IN | $291,634 | +1.0% | 20.0d |
| Fort Wayne - IN | $257,074 | +3.6% | 12.0d |
| Evansville - IN | $225,370 | +3.9% | 16.0d |