Gary, IN Home Values & Market Trends

Real estate market trends reflect that there have been 979 transactions over the past year in Gary. The median value for residential home transactions that occurred over the previous year is $65,105.42. The number of current listings in Gary is 117, and the percentage of properties for sale in the city is 46.99%. Gary, IN currently has 132 properties in foreclosure, 10 bank owned properties, 31 properties headed for auction, and 117 properties for sale.

Gary, IN Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
46407

$ 63,933

$ 55/sqft

46408

$ 78,000

$ 46/sqft

46403

$ 160,737

$ 93/sqft

46409

$ 56,919

$ 43/sqft

46404

$ 62,010

$ 55/sqft

46402

$ 47,880

$ 23/sqft

46406

$ 95,000

$ 56/sqft

Housing Market Summary for Gary, IN

Aug 2022August 2023Change
Median Listing Price$90,000$66,390.75-26.23%
Median Sold Price$39,229.643$66,390.7569.24%
Homes For Sale141127-9.93%
Homes Sold1,079643-40.41%
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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%.

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Browse Homes in Gary, IN

Gary home values range from $15,200 to $3,321,360. The median estimated value of a home in Gary is $65,105.42. The median list price of a home is 109,900, and the total count of properties in the city is 31,336.

Foreclosure
There are 7 zips within Gary, IN; within these zips, the median estimated home value for homes in foreclosure ranges from $391,790 in 46406 to the lowest value of $22,222 in 46406. Foreclosure homes account for 0.00% of properties in Gary, IN with 46404 containing 39 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.29% of all residential properties in Gary, IN with 46404 containing 32 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 $391,790 in 46404 to the lowest home value of $22,222 in 46406.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Gary, IN ranges from the highest value of $103,752 in 46407 to the lowest value of $22,344 in 46409. Bank owned homes and properties account for 0.03% of properties in Gary, IN. There are 7 zips within Gary, IN; 46409 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    46408 has 10 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 0.10% 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 $386,057 in 46403 to the lowest value of $24,108 in 46403.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.37% of residential properties in Gary, IN with 46407 containing 21 homes for sale, the highest number of listed properties in a single zip. There are 7 zips within Gary, IN; homes for sale in those zips, have a range of median values from $1,058,983 in 46403 to the lowest value of $21,672 in 46408.
    Sold Homes
    The median value for recently sold homes ranges from $989,181 in 46403 to the lowest price of $20,000 in 46403. There are 7 zips within Gary, IN. 46404 has 161 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.31% of properties in Gary, IN.

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