Market Overview: What's Changed?

The South Bend condo market has shown interesting shifts between 2024 and 2025. While the number of sales remained relatively stable, we're seeing some fascinating price movements across different neighborhoods and property types.

The Numbers at a Glance

Price Tier Analysis: Where's the Action?

Entry-Level Market ($110K-$200K)

2024: 25 sales | Average: $159,140
2025: 13 sales | Average: $152,808

The entry-level market experienced fewer transactions in 2025, with popular units in Woodbridge Village and North Shore Club remaining steady. These 1-2 bedroom condos continue to attract first-time buyers and Notre Dame affiliates looking for convenient, affordable housing.

Mid-Range Market ($200K-$400K)

2024: 31 sales | Average: $297,668
2025: 25 sales | Average: $311,512

This segment showed steady growth with consistent buyer interest. Properties in New London Lakes, Dublin Village, and Oak Hill performed particularly well, offering buyers that sweet spot of location and value.

Upper-Mid Market ($400K-$700K)

2024: 21 sales | Average: $569,895
2025: 18 sales | Average: $599,961

Eddy Commons (Legends Row) and newer developments near campus dominated this tier. Brennan's View units (across from Trader Joe's) consistently commanded premium prices, with multiple sales in the $500K-$700K range.

Luxury Market ($700K+)

2024: 19 sales | Average: $990,053
2025: 24 sales | Average: $947,658

Here's where 2025 really shines! The luxury segment saw increased activity, with 24 sales compared to 19 in 2024. The crown jewel? A stunning unit at 1015 Corby Boulevard that sold for $2,000,000 in June 2025—the highest condo sale in our dataset.

Neighborhood Spotlight

The Notre Dame Premium

Condos within walking distance of campus (Five Corners Flats, Eddy Street Commons, Ivy Quad, The Traditions) consistently command the highest prices. The Irish Quarter complex has been particularly hot, with multiple units selling in the $500K-$900K range throughout both years.

East Side Winners

Properties near Twyckenham Ave, particularly Irish Crossings and Ivy Quad, continue to attract buyers seeking that short walk to ND Stadium.  Burdette Street alone saw 10 sales across both years, with prices ranging from $780K to $920K.

Woodbridge Stability

The Woodbridge Village complex remains a reliable performer for entry-level buyers, with consistent sales in the $110K-$180K range. These units offer great value for those wanting to be near Notre Dame without the premium campus price tag.

What's Driving the Market?

Rising Luxury Demand: High-end buyers are increasingly active, likely driven by Notre Dame faculty, administrators, and alumni seeking premium properties near campus.

Limited Inventory: With fewer entry-level units selling in 2025, we're seeing more competition in that segment, which could push prices higher as the year progresses.

Location, Location, Location: Proximity to Notre Dame continues to be the biggest price driver. Units within a 10-minute walk of campus consistently outperform comparable properties further away.

Modern Amenities Matter: Newer developments with updated finishes, parking, and community features (like the Corby Boulevard and South Bend Avenue buildings) command significant premiums over older stock.

What This Means for You

Buyers: The market remains competitive, especially for well-located properties under $400K. Act quickly when you find the right fit, and don't be surprised if you face multiple offers on prime listings.

Sellers: This is a strong seller's market, particularly if your condo is near campus or has premium features. Proper pricing and presentation can attract serious buyers willing to move quickly.

Investors: The rental market near Notre Dame remains robust. Entry-level condos in the $150K-$250K range offer solid cash flow potential with consistent student and faculty demand.

Looking Ahead

The South Bend condo market shows healthy fundamentals with growing interest in luxury properties while maintaining steady demand across all price points. With Notre Dame's continued growth and the area's quality of life, condos near campus should continue to perform well.