Market Intelligence · IN / Gary

Gary, IN 46409 Housing Market

The typical home value in Gary is $81,024, down 6.7% over the past year. Sellers are listing at a median of $102,450, and homes are spending a median of 65 days on market. That gap means buyers have room to negotiate, and condition matters.

Updated August 2026Median value$81K

The median home value in Gary, IN 46409 is $81K as of August 2026, down 6.7% 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 46409 range

$75K to $88K

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

-6.7% over 12 months

Typical home value in 46409 over the last 12 months: $87K in Aug 2025 to $81K in Aug 2026 (-6.7%).

Aug 2025$87K

Aug 2026$81K

The numbers

What is the 46409 housing market like?

Typical home value

$81K

Down6.7%YoY

Median list price

$102K

Up2.6%MoM

Days on market

65

Up38.3%MoM

Homes for sale

36

Down5.3%MoM

Price cuts

13.6%

Down54.4%MoM

New listings

12

Flat0.0%MoM

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

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The comparison

How do 46409 home prices compare?

  • 46409$81,024
  • 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

There are 36 homes for sale, with 12 new listings coming on. The median list price is $102,450, while the typical home value is $81,024, down 6.7% over the past year. A median of 65 days on market says buyers are taking time. Price cuts on 13.6% of listings show some sellers are adjusting after testing higher. For a seller, the honest read is to price for the market that exists, not the one that was hoped for.

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