Northwest Indiana Real Estate Market Trends

Northwest Indiana Real Estate Market Trends

Northwest Indiana’s real estate market in early 2026 shows steady price growth amid tight inventory of about 2.8 months’ supply statewide, with local single-family home prices up 5% year-over-year and inventory rising modestly by 5% to around 1,973 homes.

Current Market Trends

Home Prices and Sales Activity:
Single-family homes in Northwest Indiana sold 738 units recently, up 2%, with an average price of $321,000 and median of $276,000—reflecting 5% growth overall.  Lake County, a key area, reports an average home value of $240,943, up 1.3% from last year, while statewide Indiana median sales hit $263,000 (up 4%) and $265,700 (up 2.2%) in late 2025.  Homes sell for about 94% of original list price, with average days on market at 50 and median at 31—longer than peak frenzy but still competitive. Inventory improved 5% to 1,973 homes, yet remains below pre-2020 levels, creating a seller-favorable imbalance expected through Q1 2026. Statewide supply is 2.8 months, far from the balanced 6-month benchmark.