Gary, IN Housing Market
The Gary housing market is somewhat competitive. Homes in Gary receive 3 offers on average and sell in around 51 days. The median sale price of a home in Gary was $80K last month, up .0% since last year. The median sale price per square foot in Gary is $62, up 29.2% since last year.
Gary Housing Market Trends
In April 2024, Gary home prices were up .0% compared to last year, selling for a median price of $80K. On average, homes in Gary sell after 51 days on the market compared to 34 days last year. There were 110 homes sold in April this year, up from 61 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Gary housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 6% below list price and go pending in around 43 days.
- Hot homescan sell for around list price and go pending in around 12 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 27 days.
- Hot homescan sell for about 1% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 37 days.
- Hot homescan sell for about 2% above list price and go pending in around 12 days.
Gary Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Gary from outside metros.
- New York homebuyers searched to move into Gary more than any other metro followed by Peoria and St. Louis.
- 86% of Gary homebuyers searched to stay within the Gary metropolitan area.
- Cape Coral was the most popular destination among Gary homebuyers followed by Sarasota and South Bend.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,510 | ||
2 | 730 | ||
3 | 695 | ||
4 | 544 | ||
5 | 366 | ||
6 | 285 | ||
7 | 185 | ||
8 | 171 | ||
9 | 51 | ||
10 | 50 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,962 | ||
2 | 1,319 | ||
3 | 1,297 | ||
4 | 1,157 | ||
5 | 1,141 | ||
6 | 1,111 | ||
7 | 881 | ||
8 | 846 | ||
9 | 793 | ||
10 | 747 |
Home offer insights for Gary
Recent offers
- Offer Not Accepted|11 Weeks Ago~$50K OfferSold for $50K2 bd | 1 ba | ~750 sqftOver List Price0%Days on Market2Competing Offers0Down Payment—
- Offer Not Accepted|11 Weeks Ago~$75K OfferSold for $75K3 bd | 2 ba | ~2,750 sqftUnder List Price18%Days on Market45Competing Offers4Down Payment—
View houses in Gary that sold recently
Recently sold homes
- $195,000 Last Sold Price3 beds2.5 baths2,726 sq ft700 E 53rd Ave, Merrillville, IN 46410(219) 663-9300List Price$209,900Sale to List7% under listDays on Market26 days700 E 53rd Ave, Merrillville, IN 46410
- $172,000 Last Sold Price4 beds2 baths1,145 sq ft1001 E 48th Pl, Gary, IN 46409(219) 865-9911List Price$175,000Sale to List2% under listDays on Market53 days1001 E 48th Pl, Gary, IN 46409
- $125,000 Last Sold Price3 beds1 bath925 sq ft4061 W 20th Pl, Gary, IN 46404(219) 462-2224List Price$128,500Sale to List3% under listDays on Market115 days4061 W 20th Pl, Gary, IN 46404
- $70,000 Last Sold Price3 beds1.5 baths1,350 sq ft4060 Mississippi St, Gary, IN 46409(708) 515-4505List Price$69,900Sale to List0% over listDays on Market35 days4060 Mississippi St, Gary, IN 46409
- $63,500 Last Sold Price2 beds1 bath896 sq ft1316 E 50th Pl, Gary, IN 46409(219) 696-2722List Price$63,500Sale to List0% over listDays on Market110 days1316 E 50th Pl, Gary, IN 46409
- $169,900 Last Sold Price3 beds1.5 baths1,992 sq ft4968 Washington St, Gary, IN 46408(219) 939-9400List Price$169,900Sale to List0% over listDays on Market223 days4968 Washington St, Gary, IN 46408
- $138,500 Last Sold Price3 beds1 bath900 sq ft1103 Dearborn Cir, Gary, IN 46403(219) 440-0070List Price$143,500Sale to List3% under listDays on Market105 days1103 Dearborn Cir, Gary, IN 46403
- $69 Last Sold Price3 beds1 bath—sq ft4924 E 13th Ave E, Gary, IN 46403(219) 682-1058List Price$69,000Sale to List100% under listDays on Market39 days4924 E 13th Ave E, Gary, IN 46403
See all recently sold homes in Gary.
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Schools in Gary
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Liberty Elementary School Public • 1-5 | 446 Students | 2 reviews |
6/10 Alexander Hamilton Elementary School Public • K-5 | 236 Students | 4 reviews |
6/10 Ridge View Elementary School Public • 1-5 | 518 Students | 4 reviews |
5/10 John I Meister Elementary School Public • K-5 | 333 Students | 3 reviews |
4/10 Banneker Elementary At Marquette Public • K-5 | 396 Students | 17 reviews |
Climate's impact on Gary housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Gary.
Flood Factor - Moderate
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Fire Factor - Major
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Wind Factor - Minor
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Wind likelihood over time
Heat Factor - Minor
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Transportation in Gary
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