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University Park

GARY, IN 46409

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

Market Overview

Active Listings
42
⇧ 7.7% vs 39 last year
Pending
8
19% pending ratio
Median Price
$125,000
⇧ 15% vs $108,725 last year
Average Price
$115,279
⇩ 1.1% vs $116,595 last year
Days on Market
58
⇩ 13.4% vs 67 days last year

Market Context

Population: 7,050  ·  Density: 760.4/mi²  ·  Median household income: $39,554

Typical home value: $66,547  ·  Homeownership: 45.0%

Market Analysis

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

The GARY, IN real estate market (46409) currently shows 42 active listings, with 8 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 58 days on market compared to 67 days last year.

The median listing price has risen 15% year-over-year, from $108,725 to $125,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 39 last year
  • Days on market: 58 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $125,000 (+15% YoY)
  • Average: $115,279 (-1.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.9 miles — 863 listings ($313,461,945 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46409Gary, IN 464090.0 mi42$4,841,718$125,000$115,279
46408Gary, IN 464082.4 mi52$8,174,556$165,000$157,203
46405Lake Station, IN 464053.6 mi38$6,947,008$179,900$182,816
46342Hobart, IN 463424.6 mi106$30,111,950$272,450$284,075
46403Gary, IN 464035.3 mi54$13,402,800$221,000$248,200
46406Gary, IN 464065.7 mi26$4,045,730$170,000$155,605
46323Hammond, IN 463237.3 mi43$9,133,673$214,900$212,411
46368Portage, IN 463687.9 mi130$46,048,600$329,000$354,220
46324Hammond, IN 463249.5 mi39$7,980,414$197,450$204,626
46320Hammond, IN 463209.9 mi23$5,353,388$214,950$232,756
46373Saint John, IN 4637310.3 mi102$69,370,098$644,900$680,099
46327Hammond, IN 4632711.4 mi18$3,605,400$185,000$200,300
46385Valparaiso, IN 4638511.9 mi190$104,446,610$448,500$549,719

Frequently Asked Questions

How many homes are for sale in GARY, IN 46409?

As of January 2026, there are 42 active listings in GARY, IN (zip code 46409), compared to 39 the prior year.

What is the median home price in GARY, IN 46409?

The median listing price in GARY, IN 46409 is $125,000 as of January 2026, a 15% increase from $108,725 the prior year.

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

Homes in GARY, IN 46409 spend an average of 58 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in GARY, IN 46409?

Based on current inventory and days-on-market data as of January 2026, GARY, IN 46409 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 58 days on market compared to 67 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 46409 save an estimated $2,500 compared to a typical 5% commission on the median listing price of $125,000. 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.