Updated May 2026 · Redfin · 3-month window
46408 Real Estate Market Update: Gary, IN, May 2026
The latest housing-market numbers for ZIP code 46408 in Gary, Indiana, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $135K | ▼ -13.3% | ▼ -19.2% |
| Days on market | 29 | ▼ -14.7% | ▼ -49.1% |
| Homes for sale | 51 | ▼ -10.5% | ▲ +27.5% |
| Sale-to-list | 96.7% | ▼ -0.8% | ▼ -4.1% |
| Homes sold | 31 | ▼ -3.1% | ▼ -36.7% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 46408 numbers say
The 46408 ZIP in Gary is cooling. The median sale price sits at $135,000, 19.2% below last year. Homes here move fast: a typical listing goes under contract in about 29 days, and sellers are getting 96.7% of list price.
Based on 31 recent sales, 46408 is currently an active market.
What this means if you sell in 46408
Use these figures to set expectations early. Lead a listing appointment with the median price and the 29-day pace, show the year-over-year direction, and frame 46408 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Gary post →Frequently asked: the 46408 housing market
- What is the median home price in ZIP 46408 (Gary, IN)?
- As of May 2026, the median sale price in ZIP 46408 is $135,000 (-19.2% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 46408 a buyer's or seller's market right now?
- ZIP 46408 is currently an active market, based on a 96.7% sale-to-list ratio, about 29 days on market for May 2026.
- How long do homes take to sell in ZIP 46408?
- A typical listing in 46408 goes under contract in about 29 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 46408 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.