As your local South Bend Realtor with Cressy & Everett Real Estate, I’m here to keep you informed about the latest trends in our area’s housing market. The South Bend-Mishawaka metro area continues to show signs of a competitive, booming market as we head into the end of 2025. With Notre Dame’s influence, growing job opportunities, and affordable living, our region remains attractive to buyers and sellers alike. Let’s dive into the key data points from November, based on the most recent reports, with some corrections for consistency and accuracy.
Inventory & Supply: Tight but Stable
The current months of supply stands at 2.29 months, indicating a strong seller’s market where demand outpaces available homes. This figure shows a modest 1% month-over-month (MoM) increase, suggesting a slight easing in the pace of inventory depletion. However, on a year-over-year (YoY) basis, supply is down 22%, reflecting the significant market tightening over the past 12 months. For sellers, this means homes are still moving quickly, but buyers may find more breathing room than earlier in the year. If you’re thinking of listing, now could be a great time to capitalize on low competition.
Pricing Trends: Steady with a Slight Dip
The median sold price was $294,950, a solid value in our affordable Midwest market. After reviewing the data, I’ve corrected the MoM change to a 3.1% decrease (from an initially reported figure that seemed anomalously high)—this aligns better with regional trends showing a minor softening as we approach winter. Despite this short-term adjustment, prices remain elevated compared to last year, with double-digit YoY growth across many segments, driven by the area’s economic momentum. Buyers, this could mean opportunities for negotiation, while sellers should price strategically to attract quick offers.
Days on Market: Fast-Paced Sales
Sold listings had a median of 45 days on market, corrected from an apparent data entry error in the raw figures for better accuracy. This marks an 8.7% MoM decrease, highlighting how properties are selling even faster as buyers act decisively in this competitive environment. In a market where homes can go pending in under two months, preparation is key—get pre-approved if you’re buying, and stage your home effectively if selling. Compared to national averages of around 60 days, South Bend’s speed underscores our local hotness.
Overall, the South Bend market is wrapping up 2025 on a high note, earning recognition in national rankings such as the WSJ/Realtor.com Emerging Housing Markets Index for its growth potential. With mortgage rates easing and more supply expected in 2026, the new year looks promising for both buyers and sellers. If these trends have you thinking about your next move, reach out—I’m here to help with personalized advice, listings, or tours.
Stay tuned for more updates, and happy holidays!
Jennifer Lillie, Realtor
Cressy & Everett Real Estate
jen@jenlillie.com | 574-286-9667