Is South Bend, IN 46616 a buyer’s or seller’s market?

The South Bend housing market right now

In the three months ending August 31, 2026, 47% of homes in South Bend, IN 46616 sold above their list price, the typical home went under contract in 18 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold faster (45 days then) and the median sale price rose 19% to $187,419. Overall, South Bend is more competitive than a year ago, so tougher for buyers.

Within St. Joseph County, homes here sell more slowly than in 59% of the county’s ZIP codes, and sell more often over asking than in 94%. On our competition score, South Bend ranks #36 of 306 IN ZIP codes with enough sales (score 71 out of 100).

Nearby, buyers who want less competition could look at New Carlisle 46552 (6% sold over asking) or Lakeville 46536 (18% sold over asking), while Wyatt 46595 (100% sold over asking) is even more competitive.