Michigan City, IN metro area Housing Market
Cold MarketComprehensive housing market data for the Michigan City, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$238K
↑ 33.8% YoY
Days on Market
56 days
↑ 64.7% YoY
Active Inventory
240
↓ 15.5% YoY
Homes Sold
60
↓ 9.1% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Michigan City, IN metro area Market Summary
The Michigan City, IN metro area housing market is cooling down. As of January 2026, the median home sale price is $238K, up 33.8% year-over-year. Homes are spending a median of 56 days on the market, 64.7% longer than a year ago.
There are 240 homes for sale — 15.5% fewer than last year. With 4.0 months of supply, this is a balanced market. 86 new listings were added during this period, down 22.5% year-over-year.
Homes are selling for 96.5% of their list price on average, suggesting room for negotiation. 10.0% of homes sell above their asking price. 23.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
76
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 44% below the national median, which could indicate stronger cash flow potential.
Michigan City, IN metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$265K
Price per Sq Ft
$138
Sale-to-List Ratio
96.5%
Months of Supply
4.0
Sold Above List
10.0%
Price Drops
23.3%
New Listings
86
↓ 22.5% YoY
Pending Sales
75
Off Market in 2 Weeks
21.3%
Other Markets in Indiana
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$300K · 53d on market
Gary, IN metro area
$280K · 57d on market
Fort Wayne, IN metro area
$245K · 45d on market
Evansville, IN metro area
$215K · 32d on market
South Bend, IN metro area
$218K · 50d on market
Terre Haute, IN metro area
$161K · 48d on market
Lafayette, IN metro area
$257K · 48d on market
Elkhart, IN metro area
$223K · 47d on market
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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.