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Meadowdale

GARY, IN 46408

Real Estate Market Report  ·  Lake County
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46408

Meadowdale

Market Analysis

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

The GARY, IN real estate market (46408) currently shows 72 active listings, with 19 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 44 days on market compared to 50 days last year.

The median listing price has fallen 9.3% year-over-year, from $159,950 to $145,000.

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.

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Market Context

Market Context

Population: 15,368  ·  Density: 609.2/mi²  ·  Median household income: $46,690

Typical home value: $89,850  ·  Homeownership: 61.3%

Market Overview

Active Listings
72
⇧ 18% vs 61 last year
Pending
19
26% pending ratio
Median Price
$145,000
⇩ 9.3% vs $159,950 last year
Average Price
$130,310
⇩ 13.2% vs $150,089 last year
Days on Market
44
⇩ 12% vs 50 days last year

Price Per Square Foot

Median $/sqft
$107
⇧ 2.9% vs $104/sqft last year
Median Home Size
1,115 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 72 this year vs 61 last year
  • Days on market: 44 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $145,000 (-9.3% YoY)
  • Average: $130,310 (-13.2% 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 10.5 miles — 1,298 listings ($415,840,819 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46408Gary, IN 464080.0 mi53$7,323,540$157,700$138,180
46404Gary, IN 464042.8 mi56$8,666,616$172,975$154,761
46319Griffith, IN 463193.1 mi40$11,073,520$268,650$276,838
46322Highland, IN 463224.6 mi57$15,328,896$252,400$268,928
46402Gary, IN 464024.9 mi26$3,288,688$123,000$126,488
46375Schererville, IN 463755.6 mi82$30,616,176$332,500$373,368
46342Hobart, IN 463426.7 mi115$33,335,395$274,900$289,873
46403Gary, IN 464037.2 mi51$13,064,007$240,200$256,157
46320Hammond, IN 463208.0 mi24$5,393,232$207,500$224,718
46373Saint John, IN 463738.6 mi123$85,157,328$713,250$692,336
60438Lansing, IL 604389.5 mi138$28,524,600$206,875$206,700
46307Crown Point, IN 4630710.1 mi318$138,701,106$382,450$436,167
60409Calumet City, IL 6040910.5 mi215$35,367,715$169,450$164,501

Frequently Asked Questions

How many homes are for sale in GARY, IN 46408?

As of April 2026, there are 72 active listings in GARY, IN (zip code 46408), compared to 61 the prior year.

What is the median home price in GARY, IN 46408?

The median listing price in GARY, IN 46408 is $145,000 as of April 2026, a 9.3% decrease from $159,950 the prior year.

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

Homes in GARY, IN 46408 spend an average of 44 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in GARY, IN 46408?

Based on current inventory and days-on-market data as of April 2026, GARY, IN 46408 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 44 days on market compared to 50 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 46408 save an estimated $2,900 compared to a typical 5% commission on the median listing price of $145,000. 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.