Is Saint Joseph County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Joseph County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Saint Joseph County has remained a Seller's Market.

Key Takeaway

Saint Joseph County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint Joseph County, IN

How much do homes in Saint Joseph County, IN cost?

Median Sold Price

$177,900

$126/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$12,100(-6.4%)

Key Takeaway

Homes in Saint Joseph County have sold for 6.4% less than they did a month ago.

Summary: The median home sold price in Saint Joseph County was $177,900 in February 2024, down 6.4% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $297.5K$110K
-63.0%
2 $121.5K$126.2K
+3.9%
3 $203K$178K
-12.3%
4 $272.5K$302.2K
+10.9%
5+ $575K$301.5K
-47.6%

Summary: Saint Joseph County housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 63%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 47.6%.

Median Sold Price Compared To Nearby Counties

Marshall County
-1.3%
Saint Joseph County
-6.4%
Elkhart County
-19.1%

Housing Supply in Saint Joseph County, IN

How many homes are available in Saint Joseph County, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
744862+15.9%

Summary: The Saint Joseph County real estate market had 862 homes for sale in February 2024, a 15.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 711
+57.1%
2 158178
+12.7%
3 354415
+17.2%
4 170193
+13.5%
5+ 5565
+18.2%

Summary: The Saint Joseph County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
162209+29.0%

Asking Price vs. Sold Price

110 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Joseph County, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.

Summary: A total of 209 homes were sold or pending in Saint Joseph County in February 2024, up by 29.0% month-over-month. Of the 199 sold homes, 55% were sold under asking, 19% were sold at asking, and 26% were sold over asking.

Days on Market for Saint Joseph County, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Saint Joseph County, IN

Nearby Markets to Saint Joseph County, IN

What housing markets are near Saint Joseph County, IN?