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City / Town Overview

Merrillville, IN

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The Merrillville, IN real estate market currently shows 157 active listings, with 54 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 50 days last year.

The median listing price has fallen 4.6% year-over-year, from $272,375 to $259,900.

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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
157
⇧ 12.9% vs 139 last year
Pending
54
34% pending ratio
Median Price
$259,900
⇩ 4.6% vs $272,375 last year
Average Price
$279,451
⇩ 6.3% vs $298,177 last year
Days on Market
51
⇧ 2% vs 50 days last year

Price Per Square Foot

Median $/sqft
$159
⇩ 3% vs $164/sqft last year
Median Home Size
1,733 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 %