Call or Text (240) SELL-123
Tolleston

GARY, IN 46404

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 46404

Tolleston

Market Analysis

Data as of February 2026. Source: Realtor.com.

The GARY, IN real estate market (46404) currently shows 56 active listings, with 20 pending sales. Homes are averaging 89 days on the market before going under contract.

Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 89 days on market compared to 74 days last year.

The median listing price has risen 3.8% year-over-year, from $166,650 to $172,975.

Whether you are buying or selling in GARY, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for GARY, IN 46404 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 16,851  ·  Density: 1,083.0/mi²  ·  Median household income: $39,281

Typical home value: $90,211  ·  Homeownership: 49.6%

Market Overview

Active Listings
56
⇩ 23.3% vs 73 last year
Pending
20
36% pending ratio
Median Price
$172,975
⇧ 3.8% vs $166,650 last year
Average Price
$154,761
⇧ 0.2% vs $154,508 last year
Days on Market
89
⇧ 20.3% vs 74 days last year

Price Per Square Foot

Median $/sqft
$101
⇧ 9.8% vs $92/sqft last year
Median Home Size
1,775 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 73 last year
  • Days on market: 89 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $172,975 (+3.8% YoY)
  • Average: $154,761 (+0.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.8 miles — 839 listings ($276,263,015 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46404Gary, IN 464040.0 mi58$9,217,766$165,000$158,927
46407Gary, IN 464072.3 mi56$4,764,536$66,500$85,081
46402Gary, IN 464022.8 mi31$3,810,582$127,000$122,922
46323Hammond, IN 463234.1 mi43$9,133,673$214,900$212,411
46322Highland, IN 463225.0 mi50$13,365,950$249,900$267,319
46312East Chicago, IN 463125.9 mi28$4,992,400$184,900$178,300
46324Hammond, IN 463246.5 mi39$7,980,414$197,450$204,626
46321Munster, IN 463217.2 mi79$36,635,065$379,000$463,735
46375Schererville, IN 463757.6 mi85$32,242,285$349,900$379,321
46342Hobart, IN 463428.2 mi106$30,111,950$272,450$284,075
46394Whiting, IN 463949.2 mi32$8,589,696$249,999$268,428
46368Portage, IN 4636810.1 mi130$46,048,600$329,000$354,220
46373Saint John, IN 4637310.8 mi102$69,370,098$644,900$680,099

Frequently Asked Questions

How many homes are for sale in GARY, IN 46404?

As of February 2026, there are 56 active listings in GARY, IN (zip code 46404), compared to 73 the prior year.

What is the median home price in GARY, IN 46404?

The median listing price in GARY, IN 46404 is $172,975 as of February 2026, a 3.8% increase from $166,650 the prior year.

How long do homes stay on the market in GARY, IN?

Homes in GARY, IN 46404 spend an average of 89 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in GARY, IN 46404?

Based on current inventory and days-on-market data as of February 2026, GARY, IN 46404 is currently a Balanced Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 89 days on market compared to 74 days last year.

How much can I save on real estate commission in GARY, IN?

With SELL123.com's maximum 3% commission, sellers in GARY, IN 46404 save an estimated $3,460 compared to a typical 5% commission on the median listing price of $172,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.