South Bend, IN metro area Housing Market
Warm MarketComprehensive housing market data for the South Bend, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$238K
↑ 10.2% YoY
Days on Market
34 days
↓ 15.0% YoY
Active Inventory
616
↓ 11.5% YoY
Homes Sold
280
↓ 0.4% YoY
Warm Market
The market is active with moderate buyer demand.
South Bend, IN metro area Market Summary
The South Bend, IN metro area housing market is heating up. As of March 2026, the median home sale price is $238K, up 10.2% year-over-year. Homes are spending a median of 34 days on the market, 15.0% shorter than a year ago.
There are 616 homes for sale — 11.5% fewer than last year. With 2.2 months of supply, this is a seller's market. 405 new listings were added during this period, up 0.2% year-over-year.
Homes are selling for 98.5% of their list price on average, suggesting room for negotiation. 27.9% of homes sell above their asking price. 24.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
vs. Indiana Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 46% below the national median, which could indicate stronger cash flow potential.
South Bend, IN metro area Market Trends
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Detailed Market Metrics
Median List Price
$260K
Price per Sq Ft
$151
Sale-to-List Ratio
98.5%
Months of Supply
2.2
Sold Above List
27.9%
Price Drops
24.4%
New Listings
405
↑ 0.2% YoY
Pending Sales
370
Off Market in 2 Weeks
57.3%
Other Markets in Indiana
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$310K · 51d on market
Gary, IN metro area
$280K · 52d on market
Fort Wayne, IN metro area
$273K · 35d on market
Evansville, IN metro area
$235K · 27d on market
Lafayette, IN metro area
$288K · 33d on market
Bloomington, IN metro area
$325K · 73d on market
Elkhart, IN metro area
$277K · 31d on market
Terre Haute, IN metro area
$175K · 43d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.