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.

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

Median Sold Price

$207,000

$119/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$10,000(-4.6%)

Key Takeaway

Homes in Saint Joseph County have sold for 4.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 $115.2K$36.5K
-68.3%
2 $124K$117K
-5.6%
3 $217K$215K
-0.9%
4 $311K$300K
-3.5%
5+ $342.5K$519K
+51.5%

Median Sold Price Compared To Nearby Counties

Elkhart County
-4.5%
Saint Joseph County
-4.6%
Marshall County
-14.4%

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

Number of Homes For Sale

Sep 2022Oct 2022%
983946-3.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1412
-14.3%
2 193180
-6.7%
3 446443
-0.7%
4 259243
-6.2%
5+ 7168
-4.2%

Number of Homes Sold

Sep 2022Oct 2022%
344300-12.8%

Asking Price vs. Sold Price

119 Homes Were Sold
Under Asking

77 Homes Were Sold
At Asking

89 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. 41.8% of homes here sold below asking price last month.

Average Sale Time

Sep 2022Oct 2022%
50 Days8 Days-84.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Joseph County are selling fast, if you're buying plan to act quickly.

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

About Saint Joseph County, IN

Saint Joseph County, IN has 946 homes on the market. Between September 2022 and October 2022, Saint Joseph County, IN real estate market has seen decrease in the number of listings by 3.8%. While the average time on the market in October 2022 was 8 days, the median list price was $207,000. Between October 2021 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 68.3%, prices of 2 bedrooms properties went down by 5.6%, prices of 3 bedrooms properties went down by 0.9%, prices of 4 bedrooms properties decreased by 3.5%, 5 bedrooms properties became 51.5% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 14.3%, 2 bedrooms homes became 6.7% less available, 3 bedrooms homes became 0.7% less available, the quantity of 4 bedrooms homes went down by 6.2%, 5 bedrooms homes inventory decreased by 4.2%. Saint Joseph County, IN housing market in October 2022 saw over 89 listings sold above listed price, more than 77 sold at listed price and over 119 sold below.

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