New - 2 hours on Rocket
$1,721 Closing Credit¹
Jodi Albright, Listing Office: Cressy & Everett - South Bend
South Bend Housing Market Report December 2024•Saint Joseph County, Indiana
Housing Prices in South Bend, IN
How much do homes in South Bend, IN cost?
Housing Market Conditions
Is South Bend, IN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
South Bend is a Seller's Market
Difference Since November 2024
Last month, South Bend has remained a Seller's Market.
Insight
South Bend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$179,950$122/SqFt
-$30,050
-14.3%
Based on all homes sold in December 2024
Insight
Homes in South Bend have sold for 14.3% less than they did a month ago.
Summary: The median home sold price in South Bend was $179,950 in December 2024, down 14.3% from last month, and the median price per square foot was $122.
Median Sold Price By City
| City | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| German Township | $309.9K | $425K | +37.1% |
| Portage Township | $131.9K | $131.5K | -0.4% |
| South Bend | $210K | $179.9K | -14.3% |
| Clay Township | $315K | $240K | -23.8% |
Median Sold Price By Bedrooms
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $65K | $21K | -67.7% |
| 22 Bedrooms | $120K | $122.9K | +2.5% |
| 33 Bedrooms | $225K | $185K | -17.8% |
| 44 Bedrooms | $340.5K | $260K | -23.6% |
| 55+ Bedrooms | $892.5K | $335K | -62.5% |
Summary: South Bend housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes decreased by -67.7%. The home price for 2 bedroom homes increased by +2.5%. The home price for 3 bedroom homes decreased by -17.8%. The home price for 4 bedroom homes decreased by -23.6%. The home price for 5 bedroom homes decreased by -62.5%.
Housing supply in South Bend, IN
How many homes are available in South Bend, IN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 602Last MonthDec 2024 | ||
| 6322 months agoNov 2024 | -4.7 % Change MoMNov – Dec |
Summary: The South Bend real estate market had 602 homes for sale in Dec 2024, a 4.7 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 165Last MonthDec 2024 | ||
| 1472 months agoNov 2024 | +12.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 7 | 5 | -28.6% |
| 22 Bedrooms | 139 | 136 | -2.2% |
| 33 Bedrooms | 322 | 300 | -6.8% |
| 44 Bedrooms | 130 | 125 | -3.8% |
| 55+ Bedrooms | 34 | 36 | +5.9% |
Summary: South Bend housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -28.6%. The inventory for 2 bedroom homes decreased by -2.2%. The inventory for 3 bedroom homes decreased by -6.8%. The inventory for 4 bedroom homes decreased by -3.8%. The inventory for 5 bedroom homes increased by +5.9%.
Asking Price vs. Sold Price
How much do homes in South Bend, IN cost?
Over Asking Price31 Homes
At Asking Price29 Homes
Under Asking Price100 Homes
Insight
If you're buying a home in South Bend, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 165 homes were sold or pending in South Bend in December 2024, up by 12.2% month-over-month. Of the 160 sold homes, 63% were sold under asking, 18% were sold at asking, and and 19% 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.
Home sale times aren’t available for this area.
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Newest Listings in South Bend, IN
What homes are available in South Bend, IN?
New - 8 hours on Rocket
$10,000 Closing Credit¹
Stephen Smith, Listing Office: Irish Realty
New - 14 hours on RocketVideo tour
$2,969 Closing Credit¹
Adam Pendl, Listing Office: eXp Realty, LLC
New - 15 hours on RocketVideo tour
$819 Closing Credit¹
Susan Bowyer, Listing Office: Weichert Rltrs-J.Dunfee&Assoc.
New - 1 day on RocketVideo tour
$2,018 Closing Credit¹
Drew Overmyer, Listing Office: At Home Realty Group
New - 1 day on RocketVideo tour
$1,958 Closing Credit¹
Gabriella Garcia, Listing Office: Hallmark Real Estate, Inc.
New - 1 day on RocketVideo tour
$3,088 Closing Credit¹
Kyle Lechlitner, Listing Office: Trueblood Real Estate
New - 1 day on RocketVideo tour
$4,513 Closing Credit¹
Joey Atkins, Listing Office: At Home Realty Group
New - 1 day on RocketVideo tour
$2,791 Closing Credit¹
Abram Christianson, Listing Office: Howard Hanna SB Real Estate
New - 1 day on RocketVideo tour
$2,196 Closing Credit¹
Sonya Glenn, Listing Office: Berkshire Hathaway HomeServices Northern Indiana Real Estate
New - 1 day on RocketVideo tour
$2,611 Closing Credit¹
Carmen Ramirez Montenegro, Listing Office: COLLINS and CO. REALTORS - LAKEVILLE
New - 2 days on RocketVideo tour
$5,569 Closing Credit¹
Irma Buczynski, Listing Office: Cressy & Everett - South Bend
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MLS Disclaimers and Copyright
Based on information from Indiana Regional MLS, for the period 11/01/2024 - 01/01/2025
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. ©2011-2025 Indiana Regional MLS. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.