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City / Town Overview

Merrillville, IN

Aggregate real estate market report across all ZIPs in scope
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The Merrillville, IN real estate market currently shows 138 active listings, with 57 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 56 days on market compared to 41 days last year.

The median listing price has fallen 0.1% year-over-year, from $274,950 to $274,605.

Whether you are buying or selling in Merrillville, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 39,121  ·  Density: 502.6/mi²  ·  Median household income: $60,432

Typical home value: $175,019  ·  Homeownership: 62.6%

Included Areas

Chapel Manor: 46410

Lincoln Village: 46411

Area Map

Market Overview

Active Listings
138
⇩ 8.6% vs 151 last year
Pending
57
41% pending ratio
Median Price
$274,605
⇩ 0.1% vs $274,950 last year
Average Price
$300,254
⇩ 1.6% vs $305,143 last year
Days on Market
56
⇧ 36.6% vs 41 days last year

Price Per Square Foot

Median $/sqft
$165
⇧ 1.2% vs $163/sqft last year
Median Home Size
1,778 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %