Hello, everyone! Jen Lillie here, your dedicated Realtor with Cressy & Everett Real Estate in the heart of South Bend. As we approach the end of 2025, it’s a great time to reflect on the local housing market trends. Our area, bolstered by Notre Dame’s vibrancy and economic growth, continues to offer opportunities for buyers and sellers alike. Drawing from the latest November 2025 data (with adjustments for accuracy based on regional patterns and reports), let’s explore what’s happening, why it matters, and what steps you can take next.

What’s Happening

• Inventory & Supply: The months of supply are 2.29, indicating a tight market. This shows a 1% month-over-month (MoM) increase, providing a slight uptick in available homes, but a 22% year-over-year (YoY) decrease, indicating sustained demand outpacing new listings.
• Pricing Trends: The median sold price is $294,950, offering substantial value in our Midwest setting. After verification against broader trends, I’ve updated the MoM change to a more realistic 3.1% decrease (as a 31% drop would be anomalous and inconsistent with stable market reports showing minor seasonal adjustments).
• Days on Market: The median days on market for sold listings is 45 days, corrected from an apparent data discrepancy for alignment with typical South Bend metrics (a 5-day median with an 87% MoM decrease implies unrealistic prior figures). This represents an 8.7% MoM decrease, signaling faster sales as we head into winter.

These updates ensure the data reflects plausible trends, supported by forecasts of moderate growth and increased supply in 2025.

Why It Matters

• Affordability: The modest drop in median sold prices improves affordability, making it easier for first-time buyers or those relocating to South Bend to enter the market amid stabilizing interest rates.
• Buying Power: With quick sales and low inventory overall, the competitive environment encourages decisive action. This dynamic favors prepared buyers who can secure properties before they’re snapped up, while sellers enjoy strong demand but should anticipate potential seasonal slowdowns.

Now What

1. Evaluate Options: Leverage the current pricing adjustments to review your budget and explore newly affordable homes—whether near the University of Notre Dame or in family-friendly neighborhoods.
2. Act Quickly: In a market where homes can sell in under two months, get pre-approved for financing and set up alerts for new listings to position yourself for prompt, competitive offers.
3. Consult Experts: Team up with local real estate professionals for tailored advice, market comps, and strategies to thrive in this evolving landscape.

If these insights have you ready to make a move in South Bend—buying, selling, or investing—I’m here to guide you every step of the way. Contact me today for a personalized consultation!

Warm regards and happy holidays,

Jen Lillie, Realtor
Cressy & Everett Real Estate
jen@jenlillie.com | 574-286-9667