Is Gary, IN 46408 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Gary is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.4Under 4 months = seller’s market
Sold above original list10.8%Share of sales, last 3 months
Median sale-to-list96.6%Sold price ÷ list price
Median days on market48Listing to accepted offer
Median price per sq ft$86▲ +7.9% vs. last year

Nearby markets

Cedar Lake 46303Seller’s market $197 /sq ftCrown Point 46307Seller’s market $182 /sq ftDyer 46311Seller’s market $184 /sq ftEast Chicago 46312Seller’s market $101 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology