Market Intelligence · IN / Gary

Gary, IN 46407 Housing Market

The typical home in Gary, IN 46407 is worth $61,577, down 1.0% over the past year as of 2026-08-01. The median list price sits at $67,500, and homes spend a median of 95 days on market. Sellers here should expect a slower pace than in many nearby areas.

Updated August 2026Median value$62K

The median home value in Gary, IN 46407 is $62K as of August 2026, down 1.0% 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.

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.

Typical 46407 range

$57K to $67K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 46407 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Gary, IN.

12-month value trend

-1.0% over 12 months

Typical home value in 46407 over the last 12 months: $62K in Aug 2025 to $62K in Aug 2026 (-1.0%).

Aug 2025$62K

Aug 2026$62K

The numbers

What is the 46407 housing market like?

Typical home value

$62K

Down1.0%YoY

Median list price

$68K

Up8.0%MoM

Days on market

95

Up11.8%MoM

Homes for sale

54

Down14.3%MoM

Price cuts

16.8%

Down42.8%MoM

New listings

12

Flat0.0%MoM

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

Free home value report

See what your 46407 home is worth.

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

The comparison

How do 46407 home prices compare?

  • 46407$61,577
  • 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

As of 2026-08-01, there are 54 homes for sale in 46407, with 12 new listings coming on the market. The median list price is $67,500, while the typical home value is $61,577, down 1.0% over the past year. Homes take a median of 95 days to sell, and 16.8% of listings have had a price cut. The gap between asking prices and typical values, plus the long time on market, points to a soft market. A seller here should price realistically from the start and be prepared to wait or negotiate.

Monthly payment

Estimate your monthly payment.

20% · $12,315

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.