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Featured local agent — Gary, IN
Sarah Mitchell
Compass Real Estate · Gary, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gary, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$130,500median sale price
How is the Gary, IN housing market right now?
The median home sale price in Gary, IN is $130,500, up 45.0% year-over-year. Homes sell in an average of 33 days with 256 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gary a buyer's or seller's market?
Gary, IN is currently a balanced market, based on 3.8 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
68
Last 12 weeks
Days on market
33
Average pace
Active listings
256
3.8 months supply
Sale-to-list
93.3%
Below asking
What does the Gary housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $130,500 |
| Median list price | $139,450 |
| Year-over-year price change | +45.0% |
| Average days on market | 33 days |
| Active inventory | 256 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 93.3% |
| Median price per sq ft | $88/sq ft |
| Homes sold (latest month) | 68 |
| New listings (latest month) | 85 |
| Listings with a price cut | 39.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Gary by property type?
How the Gary, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $130,000 | $88/sq ft | 67 | 31 days |
| Townhouse | $60,000 | $54/sq ft | 1 | 8 days |
Source: Redfin · Updated monthly
The Gary housing market is currently classified as a balanced market with a median sale price of $130,500. Prices have risen 45.0% compared to last year, with homes spending an average of 33 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.5x provides context for how home values compare to local earning capacity.
Homes for sale in Gary
There are currently 256 homes listed for sale in Gary, Indiana. The median listing price is $139K.
Active listings
256
Homes on market
Median list price
$139K
Avg. days on market
33
Days until sale
New this week
85
Newly listed
Who lives in Gary?
Population
68,604
Median income
$37,380/yr
Median age
36.4 years
Owner-occupied
47.4%
College grads
14.3%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Gary?
Zillow home value
$91,950
Zillow rent index
$1,366/mo
Price-to-rent ratio
5.6x
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Gary?
Gary is a community of approximately 69K residents with a median age of 36.4 years.The median household income is $37,380, which represents a working-class community with solid middle-income opportunities. 14.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 47.4%, showing a blend of owner and renter-occupied properties. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gary offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gary?
22 schools tracked · 10,527 students
The largest public schools serving Gary, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
21st Century Charter Sch of Gary
Grades K-12 · 1,213 students
Gary Lighthouse Charter School
Grades K-12 · 1,066 students
West Side Leadership Academy
Grades 9-12 · 998 students
Thea Bowman Leadership Academy
Grades K-12 · 849 students
Charter School of the Dunes
Grades K-8 · 674 students
Calumet New Tech High School
Grades 9-12 · 612 students
Aspire Charter Academy
Grades K-8 · 576 students
Glen Park Acad for Excel in Lrn
Grades K-5 · 533 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gary, IN?
Want a head-to-head view? Compare Gary side-by-side with any other U.S. city using our market-comparison tool.
Is Gary a good real estate investment market?
For investors evaluating Gary, the price-to-rent ratio of 5.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 45.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gary's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gary's median home price.
Frequently asked questions
What is the average home price in Gary?
The median home sale price in Gary is $130,500, up 45.0% from last year.
How long do homes stay on market in Gary?
Homes typically spend 33 days on market before going under contract.
What is the median income in Gary?
The median household income is $37,380 per year.
Is Gary a buyer's or seller's market?
With 3.8 months of supply, Gary is currently a balanced market.
What is the Zillow home value estimate for Gary?
The Zillow Home Value Index (ZHVI) for Gary is $91,950, representing the typical home value in the area.
How much does a single-family home cost in Gary?
The median single-family home price in Gary, IN is $130,000 (about $88 per square foot).
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