Market Intelligence · IN / Gary

Gary, IN 46402 Housing Market

In Gary's 46402 ZIP code, the typical home value is $65,273, down 5.4% over the past year as of 2026-08-01. The median list price is $69,900, and homes are spending a median of 64 days on the market.

Updated August 2026Median value$65K

The median home value in Gary, IN 46402 is $65K as of August 2026, down 5.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 46402 range

$60K to $70K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-5.4% over 12 months

Typical home value in 46402 over the last 12 months: $69K in Aug 2025 to $65K in Aug 2026 (-5.4%).

Aug 2025$69K

Aug 2026$65K

The numbers

What is the 46402 housing market like?

Typical home value

$65K

Down5.4%YoY

Median list price

$70K

Down6.4%MoM

Days on market

64

Down5.9%MoM

Homes for sale

14

Down26.3%MoM

Price cuts

0.0%

Down100.0%MoM

New listings

4

Flat0.0%MoM

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

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The comparison

How do 46402 home prices compare?

  • 46402$65,273
  • Gary$81,812
  • Indiana$237,708
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Gary: 7 ZIPs; Indiana: 697 ZIPs; United States: 26,265 ZIPs).

Context

The 46402 market in Gary is soft right now. The typical home value sits at $65,273 and has fallen 5.4% over the past year as of 2026-08-01. Sellers are listing at a median of $69,900, but homes take a median of 64 days to move, and inventory is thin with 14 homes for sale and 4 new listings. Not a single active listing has cut its price, with the share of listings with a price cut at 0.0%. For a seller, the takeaway is that buyers are cautious and values are slipping, so pricing realistically from the start matters more than testing the market.

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