Photo: Dennisyerger84 · CC BY-SA 3.0389 homes sold in Merrillville in the last year, at a typical $258K
About one sale in 4 is a condo. 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 Merrillville homes are listed.
Every place Merrillville 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 Merrillville.
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.
7% of Merrillville’s sales are condos, at $78K less than a house
284 houses and 27 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 284 sold in the year to May 2026
- Per square foot
- $143IN $148
- Days to sell
- 37
- Sold over asking
- 26%
- Listings with a price cut
- 33%
typical sale · 27 sold in the year to May 2026
- Per square foot
- $141IN $160
- Days to sell
- 120
- Sold over asking
- 11%
- Listings with a price cut
- 26%
Multi-family (2–4 units): 6 sold, typical $349K
Townhouses: 86 sold, typical $277K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 2.3 times the 2016 price
389 sales in the last year, against 625 in 2020 and a low of 364 in 2012. The typical sale went from $113K in 2016 to $258K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Merrillville
Check a listing against what Merrillville 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 Merrillville are back to pre-pandemic levels, but 57% fewer homes come up for sale
We read every month of Merrillville’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 September 2026, 389 sales.
If you’re buying in Merrillville
- Shop in March. It brings about 54 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- Bid near asking. Buyers paid 99.1% of the list price on average; 23% paid over.
- You’ll usually have time. Only 39% of homes go under contract within two weeks; the typical one takes 35 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 65 a month), but June is the most competitive: 31% of June sales close over asking. March and April offer nearly as much choice with fewer homes bid up (22%). January has the least competition (18%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Indiana
| Merrillville now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 23% | 21% | 42% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 39% | 2% | 10% | 35% |
| Price paid vs. askingAverage sale price ÷ list price | 99.1% | 97.9% | 100.2% | 97.5% |
| Days to sellMedian days from listing to contract | 35 | 75 | 51 | 38 |
89 homes for sale on a typical day
That’s 57% fewer than in 2017–19 and well under 2015’s 331.
Since 2019, houses are up 58%, condos 88%
A house typically sold for $253K in the year to May 2026 (284 sales), a condo for $174K (27).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Merrillville ranks 31st of 146 busy Indiana markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Merrillville is one of the state’s hottest markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Merrillville home costs about $1,530 a month
Price: Merrillville’s typical sale, last 12 months. Property tax at Merrillville’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Merrillville is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 35.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $258K home, about $2,200 a year.
Taxes vs. neighborsSchools
The schools grade for Merrillville, from test results, graduation and how much students grow.
Schools in MerrillvilleTypical commute
The average one-way trip to work for people who live in Merrillville.
Work & commuteCheck 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; Winfield for far more
The busier markets within 25 miles of Merrillville, 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 | |
|---|---|---|---|---|---|
| Crown Point | 567 | $325K | $181 | 17% | 38 |
| Schererville | 453 | $338K | $167 | 19% | 40 |
| Hobart | 408 | $248K | $159 | 26% | 32 |
| Merrillville | 389 | $258K | $149 | 23% | 35 |
| Winfield | 226 | $417K | $187 | 12% | 57 |
| Griffith | 171 | $261K | $157 | 19% | 29 |
| New Chicago | 27 | $173K | $153 | 21% | 31 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Merrillville, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Merrillville. People who follow the town see it, and so do people comparing Merrillville with their own town. No commission, no listing fee.
Questions about buying a home in Merrillville
What do homes sell for in Merrillville, IN?
389 homes sold in the year to September 2026 at a typical $258K, $149 a square foot. Houses sold for about $253K, condos for about $174K in the year to May 2026.
Is Merrillville a buyer’s or seller’s market?
A seller’s market: 99 homes were for sale in September 2026 and 35 sold, about 2.8 months of supply. Buyers paid 99.1% of asking on average.
When is the best time to buy in Merrillville?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Merrillville?
About 0.9% of a home’s value a year. On a $258K home that’s near $2,200.
Where can I see homes for sale in Merrillville?
Zillow, Redfin, Realtor.com and Homes.com all carry Merrillville’s MLS listings; the search links above open each one filtered to Merrillville.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). 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).