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
Housing Market Summary for Gary, IN
| Aug 2022 | August 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $90,000 | $66,390.75 | -26.23% |
| Median Sold Price | $39,229.643 | $66,390.75 | 69.24% |
| Homes For Sale | 141 | 127 | -9.93% |
| Homes Sold | 1,079 | 643 | -40.41% |
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 $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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions46408 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.
