Data as of September 2026. Source: Realtor.com.
The GARY, IN real estate market (46407) currently shows 67 active listings, with 20 pending sales. Homes are averaging 101 days on the market before going under contract.
Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 101 days on market compared to 42 days last year.
The median listing price has fallen 17.2% year-over-year, from $87,500 to $72,425.
Population: 9,125 · Density: 843.8/mi² · Median household income: $26,502
Typical home value: $51,243 · Homeownership: 45.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 46407 | Gary, IN 46407 | 0.0 mi | 71 | $6,051,188 | $60,000 | $85,228 |
| 46402 | Gary, IN 46402 | 2.2 mi | 26 | $3,288,688 | $123,000 | $126,488 |
| 46408 | Gary, IN 46408 | 3.1 mi | 53 | $7,323,540 | $157,700 | $138,180 |
| 46403 | Gary, IN 46403 | 4.2 mi | 51 | $13,064,007 | $240,200 | $256,157 |
| 46319 | Griffith, IN 46319 | 6.1 mi | 40 | $11,073,520 | $268,650 | $276,838 |
| 46323 | Hammond, IN 46323 | 6.4 mi | 40 | $8,279,000 | $201,150 | $206,975 |
| 46322 | Highland, IN 46322 | 7.0 mi | 57 | $15,328,896 | $252,400 | $268,928 |
| 46312 | East Chicago, IN 46312 | 8.0 mi | 27 | $4,693,734 | $172,500 | $173,842 |
| 46324 | Hammond, IN 46324 | 8.8 mi | 43 | $8,808,249 | $199,450 | $204,843 |
| 46321 | Munster, IN 46321 | 9.2 mi | 87 | $42,111,393 | $395,974 | $484,039 |
| 46327 | Hammond, IN 46327 | 10.1 mi | 17 | $3,321,239 | $186,200 | $195,367 |
| 60438 | Lansing, IL 60438 | 11.4 mi | 138 | $28,524,600 | $206,875 | $206,700 |
| 60409 | Calumet City, IL 60409 | 11.7 mi | 215 | $35,367,715 | $169,450 | $164,501 |
As of September 2026, there are 67 active listings in GARY, IN (zip code 46407), compared to 70 the prior year.
The median listing price in GARY, IN 46407 is $72,425 as of September 2026, a 17.2% decrease from $87,500 the prior year.
Homes in GARY, IN 46407 spend an average of 101 days on the market before going under contract, compared to 42 days the prior year.
Based on current inventory and days-on-market data as of September 2026, GARY, IN 46407 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 101 days on market compared to 42 days last year.
With SELL123.com's maximum 3% commission, sellers in GARY, IN 46407 save an estimated $1,449 compared to a typical 5% commission on the median listing price of $72,425. 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.