Gary, IN metro area Housing Market
Cool MarketComprehensive housing market data for the Gary, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$280K
↑ 6.5% YoY
Days on Market
52 days
↓ 7.1% YoY
Active Inventory
1,748
↓ 16.9% YoY
Homes Sold
714
↑ 2.4% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Gary, IN metro area Market Summary
The Gary, IN metro area housing market is cooling down. As of March 2026, the median home sale price is $280K, up 6.5% year-over-year. Homes are spending a median of 52 days on the market, 7.1% shorter than a year ago.
There are 1,748 homes for sale — 16.9% fewer than last year. With 2.4 months of supply, this is a seller's market. 1,025 new listings were added during this period, up 6.8% year-over-year.
Homes are selling for 97.7% of their list price on average, suggesting room for negotiation. 17.9% of homes sell above their asking price. 33.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Indiana Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 36% below the national median, which could indicate stronger cash flow potential.
Gary, IN metro area Market Trends
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Detailed Market Metrics
Median List Price
$301K
Price per Sq Ft
$162
Sale-to-List Ratio
97.7%
Months of Supply
2.4
Sold Above List
17.9%
Price Drops
33.8%
New Listings
1,025
↑ 6.8% YoY
Pending Sales
920
Off Market in 2 Weeks
39.9%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.