Gary, IN Home Values & Market Trends
Real estate market trends reflect that there have been 1,834 transactions over the past year in Gary. The median value for residential home transactions that occurred over the previous year is $61,977.81. The number of current listings in Gary is 122, and the percentage of properties for sale in the city is 122.00%. Gary, IN currently has 119 properties in foreclosure, 23 bank owned properties, 39 properties headed for auction, and 122 properties for sale.
Gary, IN Real Estate Market Overview
Housing Market Summary for Gary, IN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $79,900 | $64,298 | -19.53% |
| Median Sold Price | $63,857 | $64,298 | 0.69% |
| Homes For Sale | 151 | 136 | -9.93% |
| Homes Sold | 545 | 1,043 | 91.38% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Gary, IN
Browse Homes in Gary, IN
Gary home values range from $16,454 to $2,809,560. The median estimated value of a home in Gary is $61,977.81. The median list price of a home is 130,400, and the total count of properties in the city is 31,205.
- Pre-ForeclosurePre-foreclosure homes account for 0.18% of all residential properties in Gary, IN with 46408 containing 23 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 7 zips within Gary, IN; of those zips, the estimated home value for pre-foreclosure homes ranges from $388,452 in 46403 to the lowest home value of $28,912 in 46407.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Gary, IN ranges from the highest value of $187,750 in 46406 to the lowest value of $21,900 in 46407. Bank owned homes and properties account for 0.07% of properties in Gary, IN. There are 7 zips within Gary, IN; 46408 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions46404 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Gary, IN. Auction homes and other auction properties account for 0.12% of all properties in Gary, IN. There are 7 zips within Gary, IN; of those zips, the median estimated home value for homes going to auction ranges from $222,204 in 46408 to the lowest value of $30,983 in 46408.
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More Real Estate Resources for Gary, IN
Guide for Gary, IN
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
