Population: 9,125 · Density: 843.8/mi² · Median household income: $26,502
Typical home value: $51,243 · Homeownership: 45.0%
Data as of January 2026. Source: Realtor.com.
The GARY, IN real estate market (46407) currently shows 56 active listings, with 12 pending sales. Homes are averaging 86 days on the market before going under contract.
Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 86 days on market compared to 65 days last year.
The median listing price has fallen 48.6% year-over-year, from $129,450 to $66,500.
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 $ |
|---|---|---|---|---|---|---|
| 46407 | Gary, IN 46407 | 0.0 mi | 56 | $4,764,536 | $66,500 | $85,081 |
| 46402 | Gary, IN 46402 | 2.2 mi | 31 | $3,810,582 | $127,000 | $122,922 |
| 46408 | Gary, IN 46408 | 3.1 mi | 52 | $8,174,556 | $165,000 | $157,203 |
| 46403 | Gary, IN 46403 | 4.2 mi | 54 | $13,402,800 | $221,000 | $248,200 |
| 46319 | Griffith, IN 46319 | 6.1 mi | 34 | $9,141,070 | $265,900 | $268,855 |
| 46323 | Hammond, IN 46323 | 6.4 mi | 43 | $9,133,673 | $214,900 | $212,411 |
| 46322 | Highland, IN 46322 | 7.0 mi | 50 | $13,365,950 | $249,900 | $267,319 |
| 46312 | East Chicago, IN 46312 | 8.0 mi | 28 | $4,992,400 | $184,900 | $178,300 |
| 46324 | Hammond, IN 46324 | 8.8 mi | 39 | $7,980,414 | $197,450 | $204,626 |
| 46321 | Munster, IN 46321 | 9.2 mi | 79 | $36,635,065 | $379,000 | $463,735 |
| 46394 | Whiting, IN 46394 | 11.2 mi | 32 | $8,589,696 | $249,999 | $268,428 |
| 46373 | Saint John, IN 46373 | 11.7 mi | 102 | $69,370,098 | $644,900 | $680,099 |
| 46311 | Dyer, IN 46311 | 12.0 mi | 62 | $32,763,652 | $404,350 | $528,446 |
As of January 2026, there are 56 active listings in GARY, IN (zip code 46407), compared to 35 the prior year.
The median listing price in GARY, IN 46407 is $66,500 as of January 2026, a 48.6% decrease from $129,450 the prior year.
Homes in GARY, IN 46407 spend an average of 86 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of January 2026, GARY, IN 46407 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in GARY, IN 46407 save an estimated $1,330 compared to a typical 5% commission on the median listing price of $66,500. 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.