South Bend, IN - House Price Index (HPI)
South Bend Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in South Bend-Mishawaka, IN-MI single family home
prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis,
statistics and appreciation rates are provided below.
10
South Bend Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  526.56
4th Quarter, 2017 Housing Statistics: South Bend, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      89%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the South Bend housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for South Bend is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
South Bend is 89% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 4th Quarter of 2018 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the South
Bend Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the South Bend housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for South Bend is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
South Bend is 87% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 4th Quarter of 2020 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the South
Bend Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: South Bend, Indiana


Historical Home Price Appreciation
Last Quarter                         -2.44%
Last Year                              5.4%
Last 5 Years                         17%
Last 10 Years                       7%
Last 20 Years                       50%
Decline From All Time High   2.44%


Annual Home Price Appreciation Rates
1988      3.88%
1989      4.84%
1990      1.31%
1991      2.25%
1992      3.19%
1993      3.99%
1994      2.84%
1995      5.66%
1996      7.42%
1997      3.06%
1998      4.86%
1999      2.99%
2000      4.31%
2001      4.74%
2002      2.48%
2003      4.16%
2004      3.53%
2005      4.57%
2006      1.49%
2007      1.18%
2008      -1.93%
2009      -3.06%
2010      -1.00%
2011      -2.21%
2012      -0.09%
2013      0.27%
2014      2.45%
2015      1.27%
2016      6.59%
2017      5.40%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.44%        Rank: 363 of 381 (4th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.4%           Rank: 188 of 381 (50th Percentile)
Last 5 Years                              17%            Rank: 218 of 381 (42nd Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 179 of 381 (53rd Percentile)
Last 20 Years                            50%            Rank: 318 of 379 (16th Percentile)
Decline From All Time High        2.44%

The change in home prices for South Bend-Mishawaka, IN-MI are shown above
for five time periods. For example: South Bend appreciated -2.44% in the Last
Quarter. At that rate, the South Bend Real Estate Market was ranked 363rd out
of 381 metropolitan Real Estate Markets. South Bend was in the 4th percentile.
So South Bend, IN performed better in the Last Quarter than 4% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: South Bend, Indiana

The data and analysis on this page pertains to South Bend-Mishawaka, IN-MI,
hereinafter referred to as "South Bend". The all time high in the South Bend
Home Price Index was 173.5 in the 3rd Quarter, of 2017. The 4th Quarter, 2017
index value was 169.3. That's a decline of 4.24 points or 2.44% below the
South Bend Home Price Index all time high.  The Home Price Index indicates
that the South Bend Market is up 7% over the last 10 years. Home prices in the
South Bend Real Estate Market have gained 5.40% over the last 12 months.
Over the last thirty years, it is up 119%.

The 4th Quarter index value was 4.24 points lower than the 3rd Quarter, 2017
index value of 173.52, resulting in a 2.44% decline for the 4th Quarter in the
South Bend Market.

The South Bend Home Price Index declined in the last quarter after increasing
in the previous 3 quarters. The current record holders for consecutive declines
in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana, TX-AR;
Springfield, MA and Peoria, IL, with declines in the last 2 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 26
consecutive quarters.

The highest annual change in the value of houses in the South Bend Real
Estate Market was 27% in the twelve months ended with the 4th Quarter of
1983. The worst annual change in home values  in the South Bend Market was
-5% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the South Bend Real Estate Market over
a three year period was 33% in the three years ended with the 4th Quarter of
1985. The worst performance over a three year period in the South Bend
Market was -10% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the South Bend Home Price Index
(above). For information about Indiana home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about South Bend Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the South Bend Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the South Bend Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2017 Housing Data: South Bend, Indiana

The trend of South Bend Home Prices relative to 380 other metropolitan areas
is detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to South Bend-Mishawaka, IN-MI, hereinafter referred to as "South Bend".

Last Quarter:
During the 4th Quarter of 2017, South Bend Home Prices had a rank of 363,
with appreciation of -2.44%. The top performing real estate market during the
4th Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during
that period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, South Bend Home Prices had a rank of 188, with
appreciation during the year of 5.40%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, South Bend Home Prices
ranked 218, with a total appreciation of 16.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, South Bend Home Prices
had a rank of 179, with appreciation during the decade of 7%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, South Bend Home Prices
had a rank of 318, with total growth over the 20 year period of 50%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the South Bend Real
Estate Market is available back to the 2nd Quarter, of 1983. All calculations are
based on the quarterly value of the House Price Index for South Bend. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, April 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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