Merrillville, IN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Merrillville, IN is $249,900, down 3.3% year-over-year. Homes sell in an average of 62 days with 82 active listings. The market is currently a balanced market.
$249,900median sale price
Is Merrillville a buyer's or seller's market?
Merrillville, IN is currently a balanced market, based on 2.7 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
30
Last 12 weeks
Days on market
62
Average pace
Active listings
82
2.7 months supply
Sale-to-list
98.2%
Below asking
Merrillville, IN market data
| Metric | Value |
|---|---|
| Median sale price | $249,900 |
| Median list price | $262,500 |
| Year-over-year price change | -3.3% |
| Average days on market | 62 days |
| Active inventory | 82 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 98.2% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Merrillville housing market is currently classified as a balanced market with a median sale price of $249,900. Prices have fallen 3.3% compared to last year, with homes spending an average of 62 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Merrillville
There are currently 82 homes listed for sale in Merrillville, Indiana. The median listing price is $263K.
Active listings
82
Homes on market
Median list price
$263K
Avg. days on market
62
Days until sale
New this week
34
Newly listed
Top public schools in 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.
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Frequently asked questions
What is the average home price in Merrillville?
The median home sale price in Merrillville is $249,900, down 3.3% from last year.
How long do homes stay on market in Merrillville?
Homes typically spend 62 days on market before going under contract.
Is Merrillville a buyer's or seller's market?
With 2.7 months of supply, Merrillville is currently a balanced market.
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