Michiana Housing Market Report — June 2026
June's data delivered the year's fastest market print: Mishawaka's median days on market fell to 12. County values accelerated for the third straight report — St. Joseph County at $233,766 (+5.6% year over year), Berrien County at $285,299 (+6.1%) — and the region's two-speed pattern sharpened further. Home-value data runs through May 2026; closed sales through April 2026.
Town by town
- Mishawaka — a $221,178 median sale price (+7.4%) and 12-day marketing times, with inventory down 16.2%. April's closings confirmed May's signal: the Princess City was the corridor's most competitive market this spring.
- South Bend — $172,750 median (+14.0%), homes back to 20-day sales, inventory down 17.8%. The affordable core stayed a seller's market by every measure.
- Elkhart — $207,500 median (+5.9%), 36 days, and inventory up 23.4% — the county's supply finally responding after a tight year.
- Granger — the split screen went wider: a $374,000 median (−7.7%) on 28-day sales, while active inventory ran +139% year over year — from 28 listings a year earlier to 67. The premium market had become, unmistakably, the place where buyers gained leverage first.
- Niles — $175,000 median (+12.9%) with inventory down 36.4% to just 21 homes — the region's thinnest market, and its steadiest value line (+5.7%).
Rates
The 30-year fixed eased slightly to 6.49% — rangebound in the mid-6s, where it had spent the entire spring.
What to watch
July's report — whether Granger's inventory keeps compounding into real price cuts, and whether the affordable core's double-digit scarcity finally draws out sellers.
Sources: Zillow Research (home values), Redfin Data Center (sales), FRED / Freddie Mac (rates). Methodology on the About page.
Archive edition: compiled retrospectively from current (revised) Zillow, Redfin, and FRED source data for this month.
Town-by-town data
| Town | Typical home value | YoY | 5-yr trend | Median sale price | Days on mkt | Inventory |
|---|---|---|---|---|---|---|
| South Bend, IN | $201K | +6.4% | $173K | 20 | 217 | |
| Mishawaka, IN | $216K | +4.5% | $221K | 12 | 57 | |
| Elkhart, IN | $231K | +5.5% | $208K | 36 | 79 | |
| Granger, IN | $424K | +4.0% | $374K | 28 | 67 | |
| Niles, MI | $216K | +5.7% | $175K | 26 | 21 | |
| Goshen, IN | $283K | +5.3% | $240K | 10 | 30 | |
| Michigan City, IN | $195K | +3.9% | $229K | 39 | 100 | |
| La Porte, IN | $281K | +4.1% | $199K | 22 | 52 | |
| St. Joseph, MI | $342K | +4.9% | $300K | 35 | 46 | |
| Benton Harbor, MI | $160K | +4.9% | $80K | 64 | 27 | |
| New Buffalo, MI | $679K | +8.5% | $516K | 38 | 34 | |
| Three Oaks, MI | $348K | +12.8% | $337K | 175 | 13 | |
| Dowagiac, MI | $235K | +6.6% | $147K | 48 | 10 | |
| Edwardsburg, MI | $313K | +4.0% | $300K | 172 | 2 | |
| Osceola, IN | $297K | +4.5% | $255K | 15 | 5 | |
| Nappanee, IN | $301K | +6.3% | $165K | 17 | 10 | |
| Middlebury, IN | $388K | +7.2% | $328K | 38 | 3 | |
| Bremen, IN | $288K | +6.9% | $272K | 38 | 6 | |
| Plymouth, IN | $251K | +6.2% | $252K | 4 | 12 | |
| Warsaw, IN | $281K | +3.9% | $217K | 53 | 47 |