South Bend - IN housing market

The typical South Bend home is worth $241,610 as of August 2026, up 0.5% 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 $220,157 to $241,610.

Homes are going pending in about 13 days, slower than the 9 days seen three months earlier. There are roughly 1,167 homes for sale, 7% more than a year ago. 28.1% of listings have taken a price cut (up from 20.2% three months ago).

Typical rent is $1,301 a month, up 3.4% year over year, which puts the price-to-rent ratio at 15.5.

At this week's 7.40% mortgage rate with 20% down ($48,322), the typical South Bend home costs about $1,640 a month including tax and insurance, which needs a household income of roughly $70,300 to stay under a 28% payment-to-income ratio.

The typical home value ($241,610) 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 $227,291 last year is now worth roughly $241,610.

The median sale price, what homes actually close for, is $228,492. Homes are selling at 99.1% 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 28.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 446 new listings hit the market each month in South Bend - IN. There are currently 1,167 homes for sale, up 6.6% from a year ago.

The typical monthly rent in South Bend - IN is $1,301, up 3.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.5x, toss-up (#135 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,338 a month in principal and interest, $37 more than renting before taxes, insurance and upkeep. The two break even at a 7.12% 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 →