Gary Housing Market Update: Prices Diverge as Inventory Builds
Gary, IN – March 7, 2026 – Home prices show mixed signals, with rising sale prices, softer values, and over 300 listings on the market.
Home prices in Gary are sending mixed signals early this year, with recent sales pointing up while broader value measures show some softening.
Top takeaways
- Median sale price reached about $125,000 in January, up sharply year over year.
- Average home value sits near $84,000, down over the past 12 months.
- Roughly 325 homes were listed for sale at the end of January.
- Homes are taking about one to two months to go pending or sell.
Market snapshot
According to Redfin, the median sale price in January 2026 was $125,000, up 31.6% from a year earlier, with homes selling in a median 56 days. Forty-four homes closed during the month, down from 59 a year ago, suggesting lower transaction volume despite higher prices.
Zillow reports a typical home value around $83,682, down 6.5% year over year, with homes going pending in about 33 days. The median list price was about $143,300 at the end of January, and inventory stood near 325 active listings.
Realtor.com data shows a median listing price around $133,000 to $150,000 depending on the measure, with homes spending roughly 69 days on market late last year, indicating a generally balanced environment.
What’s for sale
Buyers can find a mix of updated single-family homes, multi-family properties and investor-focused listings. Current portals show everything from entry-level houses under $100,000 to renovated properties priced above $200,000, along with vacant land and fixer-uppers suited for rehab projects.
Newer listings on major platforms highlight steady turnover, particularly in neighborhoods such as Glen Park, West Gary and areas near Marquette Park.
Rental trends
Average asking rents are running near $1,316 per month, with modest month-over-month movement but stronger year-over-year gains, keeping investor interest in smaller single-family and duplex properties.
Sources
Are you seeing more price cuts, bidding activity, or investor flips in your neighborhood this winter?