Photo: WeaponizingArchitecture · CC BY-SA 4.0725 homes sold in Gary in the last year, at a typical $117K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Gary homes are listed.
Every place Gary homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Gary.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 96% of Gary’s sales, at a typical $117K
725 homes sold in the year to May 2026.
typical sale · 695 sold in 12 months
- Per square foot
- $79IN $148
- Days to sell
- 44
- Sold over asking
- 21%
- Listings with a price cut
- 32%
Multi-family (2–4 units): 29 sold, typical $82K
Townhouses: 1 sold, typical $60K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 5 times the 2016 price
725 sales in the last year, against 829 in 2024 and a low of 315 in 2015. The typical sale went from $23K in 2016 to $117K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Gary
Check a listing against what Gary homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Gary are more common than before the pandemic, and more homes are for sale
We read every month of Gary’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 725 sales.
If you’re buying in Gary
- Shop in March. It brings about 73 new listings a month, close to the busiest month, with fewer bidding wars (16% over asking).
- Offer under asking. Buyers paid 94.6% of the list price on average; 21% paid over.
- You’ll usually have time. Only 31% of homes go under contract within two weeks; the typical one takes 44 days.
Fall brings the homes; spring brings the bidding wars
September has the most new listings (about 75 a month), but May is the most competitive: 21% of May sales close over asking. March and April offer nearly as much choice with fewer homes bid up (16%). March has the least competition (16%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Indiana as a whole
| Gary now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 21% | 14% | 23% | 19% |
| Gone within two weeksShare of homes under contract within 14 days | 31% | 1% | 10% | 37% |
| Listings with a price cutShare of homes for sale that cut their price | 32% | — | 18% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 94.6% | 91.7% | 95% | 97.7% |
| Days to sellMedian days from listing to contract | 44 | 91 | 58 | 35 |
262 homes for sale on a typical day
That’s 1.4 times the 2021 low (184), 18% more than in 2017–19 and well under 2015’s 410.
1 in 3 listings has cut its price
32% in the last year, against — in 2017–19 and 33% across Indiana.
Gary ranks 49th of 132 busy Indiana markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Gary is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Gary home costs about $705 a month
Price: Gary’s typical sale, last 12 months. Property tax at Gary’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Gary is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in September
The month with the most choice. February has the fewest, about 51.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $117K home, about $1,130 a year.
Taxes vs. neighborsSchools
The schools grade for Gary, from test results, graduation and how much students grow.
Schools in GaryCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; New Chicago, Lake Station, Griffith, Hobart and Highland for far more
The busier markets within 25 miles of Gary, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Gary | 725 | $117K | $77 | 21% | 44 |
| Hobart | 405 | $244K | $156 | 29% | 37 |
| Highland | 318 | $266K | $167 | 23% | 28 |
| Griffith | 183 | $259K | $156 | 19% | 29 |
| Lake Station | 147 | $176K | $140 | 28% | 35 |
| East Chicago | 116 | $171K | $88 | 25% | 26 |
| New Chicago | 28 | $180K | $159 | 18% | 31 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Gary, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Gary. People who follow the town see it, and so do people comparing Gary with their own town. No commission, no listing fee.
Questions about buying a home in Gary
What do homes sell for in Gary, IN?
725 homes sold in the year to May 2026 at a typical $117K, $77 a square foot.
Is Gary a buyer’s or seller’s market?
A seller’s market: 256 homes were for sale in May 2026 and 68 sold, about 3.8 months of supply. Buyers paid 94.6% of asking on average, and 32% of listings cut their price.
When is the best time to buy in Gary?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Gary?
About 1% of a home’s value a year. On a $117K home that’s near $1,130.
Where can I see homes for sale in Gary?
Zillow, Redfin, Realtor.com and Homes.com all carry Gary’s MLS listings; the search links above open each one filtered to Gary.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).