Northwest Indiana Real Estate Market Report
Current market data, pricing trends, and expert analysis for every community I serve across Northwest Indiana. Updated with the latest available data from Redfin, Zillow, RealtyTrac, and local MLS sources.
Last updated: October 6, 2026 · By Liz Rytel-Mudroncik, Realtor® · License #17001472
Market Snapshot
The Northwest Indiana real estate market remains a seller's market, with low inventory and modest price growth across the seven core communities I serve. The Lake County median home sold for $296,009 in August 2026, up 3.9% year over year (Redfin). Median sale prices range from about $205,000 in Hammond to $440,000 in St. John, with St. John showing the strongest appreciation at 5.2%. Homes across the county sold in a median 32 days, 12 days faster than a year earlier. Liz Rytel-Mudroncik is a top 10% Northwest Indiana Realtor® with deep market knowledge across Munster, Highland, Schererville, Dyer, St. John, Crown Point, and Hammond.
What does the Northwest Indiana market look like right now?
Regional Median Price
$296,009
Up 3.9% year-over-year (Redfin, Aug 2026)
Community Price Range
$205K - $440K
Median sale prices across 7 core communities
Avg. Days on Market
15 - 48 Days
Countywide median 32 days (Aug 2026)
Inventory Level
2.8 Mo. Supply
Countywide, down from 3.0 a year ago
Fastest-Growing Markets
St. John & Schererville
+5.2% and +3.0% median growth year-over-year
Market Conditions
Seller's Market
Low inventory and quick-selling homes across most areas
Data sources: Redfin Lake County and ZIP-level market data (June-August 2026), Zillow (June-July 2026), RealtyTrac (July 2026), and U.S. Census Bureau 2025 population estimates. Redfin's September 2026 county report had not yet been published at the time of this update; individual community figures reflect the most recent available reporting period. October 6, 2026.
How is each Northwest Indiana community performing?
Each community in Northwest Indiana has its own market dynamics. Here's what the latest data shows, and what it means for buyers and sellers in each area.
Munster, IN
+0.6% YoYMedian Price
$380,000
Days on Market
32 days
Down from 34 days a year earlier (Redfin)
Price / Sq Ft
n/a
Not published in Redfin latest report
Inventory
Tight; 2.8 months of supply countywide (Aug 2026)
Blue Ribbon schools and a 30-minute Chicago commute keep Munster among the most in-demand communities in Northwest Indiana, with the second-highest median price in the region.
Market Trend
The median sale price in Munster was $379,914 over the three months ending June 2026, up 0.6% year over year (Redfin). Homes sold in about 32 days, down from 34 a year earlier. Zillow's average home value for ZIP 46321 was $358,575 in late July 2026, up 2.2% year over year. Appreciation has slowed from the double-digit pace of 2025, but demand remains steady in the town's Blue Ribbon school zones, and the South Shore Line West Lake Corridor expansion continues to support long-term values.
Highland, IN
+2.7% YoYMedian Price
$269,000
Days on Market
15 days
The fastest-selling market in Lake County
Price / Sq Ft
$178
+10.6% YoY
Inventory
Tight; 2.8 months of supply countywide (Aug 2026)
Affordable, walkable, and close to Chicago. Highland is selling faster than any community in Lake County, with price per square foot up 10.6% year over year.
Market Trend
The median sale price in Highland was $269,000 over the three months ending May 2026, up 2.7% year over year (Redfin). Homes sold in a median 15 days, down from 25 days a year earlier, making Highland the fastest-selling market in the county. Price per square foot rose 10.6% to $178. Buyers from Chicago continue to discover the value, the tight-knit community feel, and a commute that beats most western suburbs.
Schererville, IN
+3.0% YoYMedian Price
$350,000
Days on Market
20 days
Down from 33 days a year earlier (Redfin)
Price / Sq Ft
$170
+11.8% YoY
Inventory
Tight; 2.8 months of supply countywide (Aug 2026)
A consistent, growing market with the strongest price-per-square-foot appreciation in the region. Retail, dining, and highway access keep buyer demand steady.
Market Trend
The median sale price in Schererville was $350,309 in June 2026, up 3.0% year over year (Redfin). Homes sold in about 20 days, down from 33 days a year earlier, and price per square foot climbed 11.8% to $170. Schererville's position at the crossroads of I-80/94 and I-65, its A-rated Lake Central schools, and a broad retail and dining scene make it one of the most consistent markets in Northwest Indiana.
Dyer, IN
-0.9% YoYMedian Price
$288,000
Days on Market
41 days
Redfin describes the market as very competitive
Price / Sq Ft
$160
-6.7% YoY
Inventory
Tight; 2.8 months of supply countywide (Aug 2026)
Premium community feel with top-rated Lake Central schools, though prices have cooled this year after several years of rapid growth.
Market Trend
The median sale price in Dyer was $288,000 in June 2026, down 0.9% from a year earlier (Redfin), a pullback after several years of strong appreciation. Homes sold in about 41 days, and the median price per square foot was $160, down 6.7% year over year. Redfin still describes the Dyer market as very competitive, with demand supported by the town's top-rated Lake Central schools and its premium suburban feel.
St. John, IN
+5.2% YoYMedian Price
$440,000
Days on Market
35 days
Down from 66 days a year earlier (Redfin)
Price / Sq Ft
$191
+5.2% YoY
Inventory
Tight; 2.8 months of supply countywide (Aug 2026)
The highest median price in the region, driven by new construction. A top choice for buyers seeking modern homes with space to grow and long-term value.
Market Trend
St. John commands the highest median price in Northwest Indiana at $440,000 over the three months ending May 2026, up 5.2% year over year (Redfin). Homes sold in a median 35 days, down sharply from 66 days a year earlier, and price per square foot rose 5.2% to $191. New construction remains the primary driver, with builders meeting strong demand from move-up families and relocating professionals. A ZIP-level estimate from RealtyTrac put the July 2026 median sold price at $457,800, up 5.3% year over year.
Crown Point, IN
+1.5% YoYMedian Price
$375,000
Days on Market
33-48 days
Redfin figures range from about 33 to 48 days across its pages
Price / Sq Ft
$170
Redfin, latest available
Inventory
Tight; 2.8 months of supply countywide (Aug 2026)
Historic downtown, the Lake County seat, and a wide range of price points make Crown Point one of the most versatile markets in Northwest Indiana.
Market Trend
The median sale price in Crown Point was $375,000, up 1.5% year over year (Redfin, ZIP 46307, most recent month). Redfin also lists the ZIP's median price per square foot at $170. Days on market vary by source, from about 33 days on the city page to about 48 days on the ZIP page. Crown Point's historic downtown, county-seat economy, and diverse housing stock continue to attract buyers at every price point.
Hammond, IN
+2.4% YoYMedian Price
$205,000
Days on Market
17 days
Down from 33 days a year earlier (Redfin)
Price / Sq Ft
$133
Unchanged year over year
Inventory
Tight; 2.8 months of supply countywide (Aug 2026)
The most affordable market in the region with rising values and one of the fastest-selling markets in Lake County. Revitalizing neighborhoods and the lowest entry point make Hammond a standout for investors and first-time buyers.
Market Trend
Hammond offers the region's most accessible entry point, with a median sale price of $204,864 across all home types in August 2026, up 2.4% year over year (Redfin). Homes sold in a median 17 days, down from 33 days a year earlier, among the fastest in the county. Price per square foot held steady at $133. For investors, first-time buyers, and anyone seeking value near Chicago, Hammond remains the market to watch.
What trends are shaping the Northwest Indiana market?
Six trends shaping the Northwest Indiana real estate market right now, and what they mean for your next move.
Regional Prices Up 3.9% Year-Over-Year
The Lake County median home sold for $296,009 in August 2026, up 3.9% from a year earlier, about twice the national pace (Redfin). St. John leads median price growth at 5.2%, followed by Schererville at 3.0%.
Homes Are Selling Faster
The countywide median days on market fell to 32 days in August 2026, 12 days faster than a year earlier. New listings were down about 25% year over year, so well-priced and well-presented homes still move quickly while overpriced listings sit.
Price Per Square Foot Tells a Two-Sided Story
Lake County's median price per square foot was $157 over the three months ending May 2026, down 1.9% year over year, while Highland (+10.6%) and Schererville (+11.8%) posted double-digit per-square-foot growth. Demand is concentrating in specific communities even as countywide averages cool.
New Construction Drives St. John
St. John's $440,000 median and $191-per-square-foot average are the highest in the region, powered by active new construction. Buyers seeking modern finishes, energy efficiency, and builder warranties continue to gravitate to this corridor.
Hammond's Fast-Moving Value Market
Hammond's median climbed to about $205,000 in August 2026, up 2.4% year over year, with homes selling in a median 17 days. The lowest entry point in the region makes it a standout for first-time buyers and investors.
Inventory Stays Below the Balanced Zone
Months of supply held at 2.8 in August 2026, down from 3.0 a year earlier and well below the 5-6 months that marks a balanced market. Active listings fell 15.8% year over year, keeping the county firmly in seller territory.
“The Lake County median home sold for $296,009 in August 2026, up 3.9% year over year, with homes selling in a median 32 days, 12 days faster than a year earlier. Inventory sits at 2.8 months of supply, keeping the market firmly in seller territory.”
What should buyers know about this market?
Days on market have come down to a median of 32 days countywide, 12 days faster than a year ago, but that speed comes from low supply, not low demand. Inventory sits at 2.8 months of supply, and well-priced homes in top school zones still move within two weeks. Pre-approval and a responsive local agent remain non-negotiable.
The key is having a local expert who knows when new listings hit, can spot value before the crowd, and can craft an offer that wins. Negotiations are all just part of the dance, and I lead that dance with strategy and confidence.
Based on the latest data, I'd especially recommend buyers keep an eye on Highland (15-day median days on market with 10.6% per-square-foot growth), Schererville (20-day median, 3.0% appreciation), and Hammond (17-day median at the region's lowest price point), each offers a distinct advantage depending on your budget and timeline.
What should sellers know about this market?
The market is still in your favor, but it has normalized from the frenzy of 2024 and 2025. With the countywide median days on market at 32 days and inventory at 2.8 months of supply, strategic pricing is more important than ever. Well-priced, well-presented homes in St. John, Munster, and Highland are still attracting multiple offers. But overpriced listings are sitting.
First impressions matter. If your home isn't getting showings in the first two weeks, the market is telling us something. My approach combines 30+ years of marketing expertise with deep local knowledge to position your home like a product launch, strategic pricing, professional marketing, and targeted outreach to qualified buyers.
With year-over-year appreciation at 3.9% across Lake County and inventory still below 3 months of supply, now is an excellent time to get a free market analysis to understand your home's current value, even if you're not ready to list immediately.
Data Sources & Methodology
Market data compiled from publicly available reports published by Redfin (June-August 2026), Zillow (June-July 2026), RealtyTrac (July 2026), and U.S. Census Bureau 2025 population estimates. The regional median reflects Lake County single-family homes sold in August 2026. Individual community figures reflect the most recent available reporting periods through mid-2026, and Redfin's September 2026 county report had not yet been published when this page was updated on October 1, 2026.
Days on market, inventory levels, and price-per-square-foot figures represent the most recent available data at the time of publication, and some communities do not publish every metric at the ZIP level; where a figure is not available, it is marked n/a. Market conditions can shift quickly. For the most current analysis of your specific property or neighborhood, contact me directly for a personalized Comparative Market Analysis.
Questions about these numbers? I track this data daily across every community I serve. Let's talk about what it means for your specific situation.
Want a personalized market analysis?
I provide free Comparative Market Analyses for homeowners considering selling. Let's talk about your home's value and what the current market means for you.