Data as of July 2026. Source: Realtor.com.
The GARY, IN real estate market (46407) currently shows 84 active listings, with 22 pending sales. Homes are averaging 85 days on the market before going under contract.
Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 85 days on market compared to 36 days last year.
The median listing price has fallen 50% year-over-year, from $124,950 to $62,500.
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.
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 July 2026, there are 84 active listings in GARY, IN (zip code 46407), compared to 53 the prior year.
The median listing price in GARY, IN 46407 is $62,500 as of July 2026, a 50% decrease from $124,950 the prior year.
Homes in GARY, IN 46407 spend an average of 85 days on the market before going under contract, compared to 36 days the prior year.
Based on current inventory and days-on-market data as of July 2026, GARY, IN 46407 is currently a Buyer's Market. Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 36 days last year.
With SELL123.com's maximum 3% commission, sellers in GARY, IN 46407 save an estimated $1,250 compared to a typical 5% commission on the median listing price of $62,500. 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.