46409 Home Values & Market Trends
There are 240 homes currently listed for 46409. 46409 real estate market trends show that home prices range from $15,000 to $219,999, and the median sales price in the 46409 zip code is $89,900. The total number of properties sold within the past twelve months is 238. In 46409, 22 properties are in foreclosure, 2 are bank owned properties,and 5 are headed for auction.
46409 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Gary | $ 103,885 $ 92/sqft |
Housing Market Summary for 46409
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $94,900 | $58,000 | -38.88% |
| Median Sold Price | $89,594 | $73,939 | -17.47% |
| Homes For Sale | 165 | 238 | 44.24% |
| Homes Sold | 100 | 82 | -18.00% |
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 46409
Browse Homes in 46409
The median list price of a home in Gary, is $89,900. A total of 240 properties are for sale, and the percentage of properties for sale in the zip code is 240.00%. The total count of 46409 properties is 367.
- Pre-ForeclosurePre-foreclosure homes account for 4.09% of all residential properties in 46409 with gary containing 106 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 46409; of that cities, the estimated home value for pre-foreclosure homes ranges from $305,678 in gary to the lowest home value of $14,802 in gary.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 46409 ranges from the highest value of $181,487 in gary to the lowest value of $18,812 in gary. Bank owned homes and properties account for 0.54% of properties in 46409. There is 1 cities within 46409; gary containing 12 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsgary has 21 auction properties, the highest number of properties going to auction in a single city in the state of 46409. Auction homes and other auction properties account for 1.36% of all properties in 46409. There is 1 cities within 46409; of that cities, the median estimated home value for homes going to auction ranges from $184,010 in gary to the lowest value of $21,738 in gary.
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Guide for 46409
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.