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Indiana Harbor

GARY, IN 46406

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46406

Indiana Harbor

Market Analysis

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

The GARY, IN real estate market (46406) currently shows 28 active listings, with 12 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 42 days on market compared to 89 days last year.

The median listing price has risen 35% year-over-year, from $103,450 to $139,675.

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.

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Market Context

Market Context

Population: 8,730  ·  Density: 250.1/mi²  ·  Median household income: $34,550

Typical home value: $73,562  ·  Homeownership: 49.0%

Market Overview

Active Listings
28
⇩ 26.3% vs 38 last year
Pending
12
43% pending ratio
Median Price
$139,675
⇧ 35% vs $103,450 last year
Average Price
$136,386
⇧ 25.3% vs $108,873 last year
Days on Market
42
⇩ 52.8% vs 89 days last year

Price Per Square Foot

Median $/sqft
$122
⇧ 25.8% vs $97/sqft last year
Median Home Size
1,143 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 38 last year
  • Days on market: 42 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $139,675 (+35% YoY)
  • Average: $136,386 (+25.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.3 miles — 720 listings ($161,318,023 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46406Gary, IN 464060.0 mi26$4,028,674$169,999$154,949
46323Hammond, IN 463232.5 mi40$8,279,000$201,150$206,975
46402Gary, IN 464023.9 mi26$3,288,688$123,000$126,488
46408Gary, IN 464084.4 mi53$7,323,540$157,700$138,180
46320Hammond, IN 463204.6 mi24$5,393,232$207,500$224,718
46319Griffith, IN 463195.6 mi40$11,073,520$268,650$276,838
46327Hammond, IN 463275.7 mi17$3,321,239$186,200$195,367
46394Whiting, IN 463947.1 mi26$7,000,942$242,250$269,267
46405Lake Station, IN 464057.8 mi37$7,229,319$197,450$195,387
60438Lansing, IL 604387.8 mi138$28,524,600$206,875$206,700
60633Chicago, IL 606338.9 mi39$9,132,630$232,474$234,170
60473South Holland, IL 6047310.0 mi139$33,387,244$231,000$240,196
46342Hobart, IN 4634210.3 mi115$33,335,395$274,900$289,873

Frequently Asked Questions

How many homes are for sale in GARY, IN 46406?

As of March 2026, there are 28 active listings in GARY, IN (zip code 46406), compared to 38 the prior year.

What is the median home price in GARY, IN 46406?

The median listing price in GARY, IN 46406 is $139,675 as of March 2026, a 35% increase from $103,450 the prior year.

How long do homes stay on the market in GARY, IN?

Homes in GARY, IN 46406 spend an average of 42 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in GARY, IN 46406?

Based on current inventory and days-on-market data as of March 2026, GARY, IN 46406 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 42 days on market compared to 89 days last year.

How much can I save on real estate commission in GARY, IN?

With SELL123.com's maximum 3% commission, sellers in GARY, IN 46406 save an estimated $2,794 compared to a typical 5% commission on the median listing price of $139,675. 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.