Home ValuePros
Talk to a Pro

Market Intelligence · IN / Lake County

Gary, IN home prices and housing market

7 ZIP markets liveData updated September 2026Typical value$77K1-yr changeDown3.5%

The typical home value in Gary, IN is $77K as of September 2026, down 3.5% from a year ago, based on the Zillow Home Value Index. In the typical Gary ZIP code, the median list price is $126K and homes spend a median of 72 days on market as of September 2026 (Realtor.com).

Get a cash offer

Sell without the wait

Sell your Gary home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

The coverage

Gary, by the numbers.

Typical home valueZillow ZHVI, September 2026
$77K
1-yr changeMedian across Gary ZIPs
-3.5%
ZIP markets live8 tracked in Gary
7
County
Lake County

Need cash home buyers on your timeline? Sell my house fast in Gary.

12-month value trend

-3.5% over 12 months

Typical home value in Gary over the last 12 months: $80K in Sep 2025 to $77K in Sep 2026 (-3.5%).

Sep 2025$80K

Sep 2026$77K

Median Zillow home value index across Gary's ZIP codes.

Context

Gary's housing market shows signs of softness as of September 2026. The typical home value stands at $77,283, down 3.5% over the past year. There are 245 homes for sale, with 86 new listings added recently. The median list price is $126,250, and homes spend a median of 72 days on the market before selling. Nearly 17.4% of listings have received a price cut. If you're considering selling, understand that this is a buyer-focused market with modest inventory movement and downward pressure on values.

The numbers

What is the housing market like in Gary, IN?

Typical home value

$77K

Down3.5%YoY

Median list price

$126K

Days on market

72

Homes for sale

245

Price cuts

17.4%

New listings

86

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Gary's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Gary, IN home prices over time

Typical home values in Gary, IN are down 3.5% over the past year, from $80K in September 2025 to $77K in September 2026.

Typical home value in Gary, IN, September of each year
MonthTypical value1-yr change
September 2026$77,283-3.5%
September 2025$80,105No prior year

Typical value is the median Zillow Home Value Index across Gary ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Gary, IN a buyer's or seller's market?

Gary, IN leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 72 days on market and 17% of listings with a price cut in the typical Gary ZIP code, and 86 new listings against 245 active listings across Gary, as of September 2026 (Realtor.com).

The outlook

Gary housing market forecast 2027

+2.7%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 7 Gary ZIP codes, points to typical home values rising 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in Gary fell 3.5%, per the Zillow Home Value Index.

Will home prices drop in Gary?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Gary shows typical home values rising 2.7% by September 2027, after a 3.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 7 Gary ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Free home value report

See what your Gary home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The markets

Which Gary ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 8 Gary ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

Free local consultation

Talk to a licensed pro in Gary.

A licensed local professional will walk through your numbers and your selling options, free and with no obligation.

Prefer to start online? See your value and cash offer instead.

Common questions

Questions about Gary, IN home prices.

How much is a typical home worth in Gary?

The typical home value in Gary is $77,283 as of September 2026, down 3.5% from the year prior.

How long do homes take to sell in Gary?

Homes in Gary spend a median of 72 days on the market as of September 2026.

What share of homes have price cuts in Gary?

As of September 2026, 17.4% of listings in Gary have received a price cut, suggesting sellers are adjusting expectations to move inventory.

Are home prices going up or down in Gary, IN?

Typical home values in Gary, IN are down 3.5% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Gary, IN a buyer's or seller's market?

Gary, IN leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 72 days on market and 17% of listings with a price cut in the typical Gary ZIP code, and 86 new listings against 245 active listings across Gary, as of September 2026 (Realtor.com).

Nearby markets

More Indiana housing markets.

The market is moving

Latest housing news

All news