Brokers — List your Company Here
Featured local agent — Merrillville, IN
Sarah Mitchell
Compass Real Estate · Merrillville, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Merrillville, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$269,990median sale price
How is the Merrillville, IN housing market right now?
The median home sale price in Merrillville, IN is $269,990, up 1.8% year-over-year. Homes sell in an average of 20 days with 76 active listings. The market is currently a seller's 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 Merrillville a buyer's or seller's market?
Merrillville, IN is currently a seller's market, based on 1.6 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
47
Last 12 weeks
Days on market
20
Fast-moving
Active listings
76
1.6 months supply
Sale-to-list
99.7%
Below asking
What does the Merrillville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $269,990 |
| Median list price | $249,950 |
| Year-over-year price change | +1.8% |
| Average days on market | 20 days |
| Active inventory | 76 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $146/sq ft |
| Homes sold (latest month) | 47 |
| New listings (latest month) | 44 |
| Listings with a price cut | 31.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Merrillville by property type?
How the Merrillville, 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 | $269,990 | $146/sq ft | 27 | 8 days |
| Condo / Co-op | $160,000 | $133/sq ft | 4 | 98 days |
| Townhouse | $287,375 | $164/sq ft | 13 | 33 days |
Source: Redfin · Updated monthly
The Merrillville housing market is currently classified as a seller's market with a median sale price of $269,990. Prices have risen 1.8% compared to last year, with homes spending an average of 20 days on market, indicating 1.6 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Merrillville
There are currently 76 homes listed for sale in Merrillville, Indiana. The median listing price is $250K.
Active listings
76
Homes on market
Median list price
$250K
Avg. days on market
20
Days until sale
New this week
44
Newly listed
Who lives in Merrillville?
Population
36,343
Median income
$64,791/yr
Median age
41.3 years
Owner-occupied
68.5%
College grads
25.2%
Avg commute
32.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Merrillville?
Zillow home value
$246,391
Zillow rent index
$1,550/mo
Price-to-rent ratio
13.2x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Merrillville?
Merrillville is a community of approximately 36K residents with a median age of 41.3 years.The median household income is $64,791, which represents a working-class community with solid middle-income opportunities. 25.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Merrillville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Merrillville?
9 schools tracked · 6,094 students
The largest public schools serving Merrillville, 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.
Merrillville High School
Grades 9-12 · 2,051 students
Pierce Middle School
Grades 7-8 · 899 students
Merrillville Intermediate School
Grades 5-6 · 769 students
Jonas E Salk Elementary School
Grades PK-4 · 593 students
Homer Iddings Elementary School
Grades PK-4 · 471 students
Henry P Fieler Elementary School
Grades PK-4 · 444 students
Edgar L Miller Elementary School
Grades PK-4 · 348 students
John Wood Elementary School
Grades PK-4 · 292 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 Merrillville, IN?
Want a head-to-head view? Compare Merrillville side-by-side with any other U.S. city using our market-comparison tool.
Is Merrillville a good real estate investment market?
For investors evaluating Merrillville, the price-to-rent ratio of 13.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 1.8% 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 Merrillville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Merrillville's median home price.
Frequently asked questions
What is the average home price in Merrillville?
The median home sale price in Merrillville is $269,990, up 1.8% from last year.
How long do homes stay on market in Merrillville?
Homes typically spend 20 days on market before going under contract.
What is the median income in Merrillville?
The median household income is $64,791 per year.
Is Merrillville a buyer's or seller's market?
With 1.6 months of supply, Merrillville is currently a seller's market.
What is the Zillow home value estimate for Merrillville?
The Zillow Home Value Index (ZHVI) for Merrillville is $246,391, representing the typical home value in the area.
What is the median condo price in Merrillville?
The median condo/co-op sale price in Merrillville, IN is $160,000, compared to $269,990 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Merrillville?
The median single-family home price in Merrillville, IN is $269,990 (about $146 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Merrillville, IN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Merrillville market alerts
Weekly updates on prices, inventory, and trends. Free forever.