Gary, IN Housing Market 2026: What Homes Actually Sell For

Gary produces a steady stream of closings but little consensus: sales over the last six months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 6 months: 358
• •Median sold price, last 6 months: $119,950
• •Median sold $/sqft, last 6 months: $81
• •Middle half of sales closed between: $58,000 and $181,500

What the numbers say

Resideline tracked 358 closed sales in Gary over the last six months, with a median closing price of $119,950. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $58,000 and $181,500. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. 95% of the Gary closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 356 closings with usable living area, the middle half sold between $47 and $112 per square foot.

Figures last updated October 3, 2026 from closings Resideline tracked.

Median home price in Gary, IN (October 2026)

The median home price in Gary is $119,950, measured across the 358 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $58,000 and $181,500.

Where Gary sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Gary over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $58,000 and $181,500. Among the 55 Indiana markets with a published band, Gary's middle-half spread ($58,000 to $181,500) ranks 55th from the narrowest. Where your target property sits inside that spread matters more than the citywide median. Measured as the ratio of the upper to the lower quartile, its middle-half spread ranks in the 98th percentile of the 2,230 US markets in Resideline's national Market Watch set, on data as of October 3, 2026.

How long a sale takes here

• •Listed to under contract: a median of 22 days, across 215 Gary closings Resideline tracked in the last six months
• •Contract to closing: a median of 34 days, across 219 Gary closings Resideline tracked in the last six months

The Gary angle

Gary asks for more caution than most places. Resideline tracked 358 closings over the last six months and a median closed sale price of $119,950, with the middle half of sales closing between $58,000 and $181,500. That band ranks in the widest tenth of the markets we track, while the number of tracked sales is thinner than most markets we track. A wide spread paired with a lighter comp pool is the combination that produces confident-looking wrong numbers. Match property type and condition deliberately, and treat any single comp as a hypothesis rather than an answer.

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator, rehab cost estimator, BRRRR calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Gary address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Gary, IN
Geography: incorporated municipality, Census place 1827000
Data updated: October 2026
Analysis period: last six months
Tracked closings: 358
Median sold price: $119,950
Median sold $/sqft: $81 (356 qualifying)
Property mix: 95% houses
https://resideline.com/blog/gary-in-housing-market

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<a href="https://resideline.com/blog/gary-in-housing-market">
  <img src="https://resideline.com/images/embed/gary-in.png" alt="Gary, IN home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
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<p>Source: <a href="https://resideline.com/blog/gary-in-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Gary over the last six months, and is refreshed when the data is.