Population: 8,730 · Density: 250.1/mi² · Median household income: $34,550
Typical home value: $73,562 · Homeownership: 49.0%
Data as of January 2026. Source: Realtor.com.
The GARY, IN real estate market (46406) currently shows 26 active listings, with 12 pending sales. Homes are averaging 81 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 81 days on market compared to 84 days last year.
The median listing price has risen 36% year-over-year, from $125,000 to $170,000.
Whether you are buying or selling in GARY, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 46406 | Gary, IN 46406 | 0.0 mi | 26 | $4,045,730 | $170,000 | $155,605 |
| 46323 | Hammond, IN 46323 | 2.5 mi | 43 | $9,133,673 | $214,900 | $212,411 |
| 46402 | Gary, IN 46402 | 3.9 mi | 31 | $3,810,582 | $127,000 | $122,922 |
| 46408 | Gary, IN 46408 | 4.4 mi | 52 | $8,174,556 | $165,000 | $157,203 |
| 46320 | Hammond, IN 46320 | 4.6 mi | 23 | $5,353,388 | $214,950 | $232,756 |
| 46319 | Griffith, IN 46319 | 5.6 mi | 34 | $9,141,070 | $265,900 | $268,855 |
| 46327 | Hammond, IN 46327 | 5.7 mi | 18 | $3,605,400 | $185,000 | $200,300 |
| 46394 | Whiting, IN 46394 | 7.1 mi | 32 | $8,589,696 | $249,999 | $268,428 |
| 46405 | Lake Station, IN 46405 | 7.8 mi | 38 | $6,947,008 | $179,900 | $182,816 |
| 60438 | Lansing, IL 60438 | 7.8 mi | 144 | $30,962,160 | $211,000 | $215,015 |
| 60633 | Chicago, IL 60633 | 8.9 mi | 39 | $9,000,693 | $225,500 | $230,787 |
| 60473 | South Holland, IL 60473 | 10.0 mi | 140 | $33,393,360 | $229,950 | $238,524 |
| 46342 | Hobart, IN 46342 | 10.3 mi | 106 | $30,111,950 | $272,450 | $284,075 |
As of January 2026, there are 26 active listings in GARY, IN (zip code 46406), compared to 27 the prior year.
The median listing price in GARY, IN 46406 is $170,000 as of January 2026, a 36% increase from $125,000 the prior year.
Homes in GARY, IN 46406 spend an average of 81 days on the market before going under contract, compared to 84 days the prior year.
Based on current inventory and days-on-market data as of January 2026, GARY, IN 46406 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 81 days on market compared to 84 days last year.
With SELL123.com's maximum 3% commission, sellers in GARY, IN 46406 save an estimated $3,400 compared to a typical 5% commission on the median listing price of $170,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.