Is Lakeville, IN 46536 a buyer’s or seller’s market?
Lakeville is a seller’s market. With about 2.3 months of supply and 18% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Lakeville housing market right now
In the three months ending August 31, 2026, 18% of homes in Lakeville, IN 46536 sold above their list price, the typical home went under contract in 45 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold more slowly (35 days then) and the median sale price rose 5% to $361,843. Overall, Lakeville is about as competitive as it was a year ago.
Within St. Joseph County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in 94%.
Nearby, buyers who want less competition could look at New Carlisle 46552 (6% sold over asking), while Wyatt 46595 (100% sold over asking) and South Bend 46616 (47% sold over asking) are even more competitive.
Run the numbers for 46536
Nearby markets
Granger 46530Seller’s market $153 /sq ftMishawaka 46544Seller’s market $144 /sq ftMishawaka 46545Seller’s market $159 /sq ftNew Carlisle 46552Balanced $168 /sq ft Browse all markets →Towns like Lakeville nearby
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Questions about Lakeville real estate
Is Lakeville a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Lakeville, IN 46536 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lakeville?
The typical home went under contract in 45 days in the latest three months.
Do homes in Lakeville sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 103.9% of the list price.
What are property taxes in Lakeville?
About 0.86% of a home’s value a year in St. Joseph County, or roughly $3,440 on a $400,000 home.
What is the median home price in Lakeville?
The median sale price was $361,843 in the three months ending August 31, 2026, about $164 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology