IN · Metro #159

South Bend - IN housing market

The South Bend metro has a typical home value of $234,870, up 5.2% from a year ago. Homes are moving fast at 13 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$234,870
+5.2% vs. year ago
Median sale price
$230,215
+11.2% YoY
Median list price
$277,467
Sale-to-list ratio
98.1%
Selling below ask
Days on market
13d
Listings w/ price cut
19.1%
New listings / mo
346
+1.5% YoY
Homes for sale
872
-9.1% YoY
Typical rent
$1,385/mo
+4.4% YoY
Context

How to read this data

The typical home value ($234,870) 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 5.2% over the past year. In South Bend - IN, that means a home worth $223,260 last year is now worth roughly $234,870.

The median sale price , what homes actually close for , is $230,215. Homes are selling at 98.1% of list price, meaning buyers have room to negotiate.

Homes listed in South Bend - IN sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 346 new listings hit the market each month in South Bend - IN. There are currently 872 homes for sale, down 9.1% from a year ago.

The typical monthly rent in South Bend - IN is $1,385, up 4.4% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.

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.

Related

Other metros in IN

MetroHome value1-yr changeDays on market
Indianapolis - IN$293,854 +1.3% 17.0d
Fort Wayne - IN$257,076 +2.9% 14.0d
Evansville - IN$223,149 +3.7% 13.0d
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