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Georgia Heights (Georgia Hts.)

GARY, IN 46409

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

Neighborhoods in ZIP 46409

Georgia Heights (Georgia Hts.)

Market Analysis

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

The GARY, IN real estate market (46409) currently shows 39 active listings, with 12 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 56 days on market compared to 38 days last year.

The median listing price has risen 25.5% year-over-year, from $100,000 to $125,500.

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.

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Market Context

Market Context

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

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

Market Overview

Active Listings
39
⇩ 26.4% vs 53 last year
Pending
12
31% pending ratio
Median Price
$125,500
⇧ 25.5% vs $100,000 last year
Average Price
$110,819
⇧ 0.6% vs $110,175 last year
Days on Market
56
⇧ 47.4% vs 38 days last year

Price Per Square Foot

Median $/sqft
$97
⇧ 12.8% vs $86/sqft last year
Median Home Size
1,170 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 39 this year vs 53 last year
  • Days on market: 56 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $125,500 (+25.5% YoY)
  • Average: $110,819 (+0.6% 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 11.8 miles — 1,140 listings ($374,352,517 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46409Gary, IN 464090.0 mi45$5,326,200$137,500$118,360
46408Gary, IN 464082.4 mi53$7,323,540$157,700$138,180
46405Lake Station, IN 464053.6 mi37$7,229,319$197,450$195,387
46342Hobart, IN 463424.6 mi115$33,335,395$274,900$289,873
46403Gary, IN 464035.3 mi51$13,064,007$240,200$256,157
46406Gary, IN 464065.7 mi26$4,028,674$169,999$154,949
46323Hammond, IN 463237.3 mi40$8,279,000$201,150$206,975
46368Portage, IN 463687.9 mi140$50,429,400$331,704$360,210
46321Munster, IN 463219.3 mi87$42,111,393$395,974$484,039
46312East Chicago, IN 463129.6 mi27$4,693,734$172,500$173,842
46307Crown Point, IN 4630710.1 mi318$138,701,106$382,450$436,167
46311Dyer, IN 4631111.1 mi63$31,306,149$352,450$496,923
60438Lansing, IL 6043811.8 mi138$28,524,600$206,875$206,700

Frequently Asked Questions

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

As of March 2026, there are 39 active listings in GARY, IN (zip code 46409), compared to 53 the prior year.

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

The median listing price in GARY, IN 46409 is $125,500 as of March 2026, a 25.5% increase from $100,000 the prior year.

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

Homes in GARY, IN 46409 spend an average of 56 days on the market before going under contract, compared to 38 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 March 2026, GARY, IN 46409 is currently a Balanced Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 56 days on market compared to 38 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 $2,510 compared to a typical 5% commission on the median listing price of $125,500. 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.