Market Datavs. 1 year ago
30-year mortgage6.66%▼ -0.06 pts15-year mortgage6.04%▲ +0.19 pts10-year Treasury4.68%▲ +0.30 ptsMortgage spread1.98 pts▼ -0.36 ptsMedian list price$430k▼ -2.5%List $/sqft$228▼ -2.1%Days on market53 +0 daysActive listings1.1M▲ +1.9%New listings463k▲ +2.4%Pending sales506k▲ +4.9%Housing starts1.43M▲ +3.5%Building permits1.37M▼ -1.8%New-home sales628k▼ -5.6%Existing-home sales4.09M▲ +2.8%Months of supply9.3▲ +0.3 moMortgage delinquency1.89%▲ +0.12 pts
as of Jul 2026

South Bend Metro Area Real Estate Market

Current real estate market data, news and analysis for the South Bend-Mishawaka, IN-MI metropolitan area — 324,538 residents across Cass, MI and St. Joseph, IN counties.

Median Sale Price$250,500+10.8% YoY
Months of Supply2.1residential supply
Days on Market25median
Population324,538metro area

Data as of May 2026. Sources: Redfin Data Center, U.S. Census Bureau.

Latest South Bend Real Estate News

Coverage of this market is coming soon. Browse all housing market news.

South Bend Real Estate Market Overview

The South Bend-Mishawaka metro follows the St. Joseph River through its two core cities, with South Bend and Mishawaka forming a single built-up urban area and the University of Notre Dame sitting just north of downtown South Bend. Granger, in the northeastern part of St. Joseph County, has become the metro’s primary newer-suburban growth area, while the city core still carries the physical legacy of the Studebaker era, including large former industrial buildings near downtown. North of the state line, Cass County, Michigan turns rural and lake-dotted, with small towns like Dowagiac, Cassopolis, and Edwardsburg and a scattering of lake communities around Diamond Lake and Eagle Lake that draw both year-round residents and second-home owners.

Granger and the areas closest to Notre Dame are generally viewed as the metro’s most affluent and newest-built suburban addresses, while the older industrial-era neighborhoods in the South Bend core — including Rum Village, LaSalle Park, and the Near Northwest Neighborhood — tend to offer more affordable and architecturally varied housing stock. Mishawaka’s neighborhoods along and near the Riverwalk fall somewhere between the two, with a mix of mid-century suburban development. In Cass County, lakefront property around named lakes like Diamond Lake and Eagle Lake commands a premium over inland rural parcels, and the smaller towns scattered through the county vary considerably depending on their distance from those lakes and from the state line.

The University of Notre Dame is the region’s largest employer and a defining institution for the whole metro, and its presence shapes everything from the housing market near campus to the broader local economy. Beacon Health System and Saint Joseph Health System, including Memorial Hospital of South Bend and Saint Joseph Regional Medical Center in Mishawaka, are major healthcare employers. AM General, headquartered in South Bend with production in Mishawaka, continues a long regional tradition of vehicle manufacturing that traces back to Studebaker, and manufacturing broadly remains a large share of the area’s employment base, reinforced by the wider Elkhart County recreational-vehicle industry just to the east. New investment, including battery and data-center projects announced for the area, is expected to add to that manufacturing and logistics base going forward.

Lake-effect snow off nearby Lake Michigan makes for a longer, snowier winter than many buyers moving from farther south might expect, and it’s worth budgeting for accordingly. Parts of the South Bend core along the St. Joseph River, including neighborhoods like River Park, sit within mapped flood zones, so a flood-risk check is a sensible step before buying near the river. Property tax approaches differ meaningfully between Indiana, which caps assessed-value tax rates by property type and offers homestead deductions, and Michigan, which uses local millage rates under its own assessment-growth limits — worth understanding clearly for anyone considering property on either side of the state line. Buyers in Cass County should also confirm lake-association dues and water-access rights for any lake-adjacent property, and buyers throughout St. Joseph County should check which township school district a given address falls into, since boundaries don’t always follow city lines.

Cities and Towns in the South Bend Metro Area

CassopolisDowagiacEdwardsburgIndian VillageLakevilleMarcellusMishawakaNew CarlisleNorth LibertyOsceolaRoselandSouth BendVandaliaWalkerton

Notable Communities and Neighborhoods

Notre DameGrangerRum VillageNear Northwest NeighborhoodLaSalle ParkTwyckenham HillsErskine ParkKeller ParkRiver ParkHoward Park-East BankNortheast NeighborhoodWoodlawnDiamond LakeEagle LakeWyatt

South Bend Real Estate Market FAQ

How is the South Bend-Mishawaka metro organized?

South Bend and Mishawaka form a connected urban core along the St. Joseph River with Notre Dame just north of downtown, Granger is the metro’s main newer-suburban growth area, and Cass County, Michigan to the north is rural and dotted with lakes.

Which areas of this metro tend to be pricier?

Granger and the areas closest to Notre Dame are generally viewed as the most affluent and newest-built, while lakefront property around named lakes in Cass County also commands a premium over inland rural land.

What should buyers verify before purchasing?

Check flood-zone status for anything near the St. Joseph River, confirm which township school district an address falls into, and for Michigan lake property, verify lake-association dues and water-access rights directly.

What regional risk factor matters most here?

Lake-effect snow off nearby Lake Michigan, which makes winters longer and snowier than many buyers moving from farther south expect.

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