Frequently Asked Questions

Are house prices dropping in Gary?

The house prices in Gary are indeed dropping at the moment. There has been a decrease in price of $33,000.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Gary at this time?

The housing market and house prices in Gary are going down. The average house price is $123,450.00 and the average price per square feet is $91.48 per square foot. At the moment, there are 353 homes listed - 248 active, 102 pending, and 3 sold in Gary.

What is the most popular place to buy a house in Gary?

The most popular place to buy a home in Gary is null. null has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Gary?

The average amount of property taxes you would have to pay for a home in Gary is $878.36. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Gary being sold?

Properties in Gary stay on the market for an average of 53 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Gary?

The last home listed in Gary was 322 minutes ago.

Can you visit houses in Gary?

Currently, there are 0 open houses available for viewing in Gary.

What is the most expensive house in Gary?

The cost of the most expensive home in Gary is $799,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Gary?

The cost of the cheapest home in Gary is $6,499.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Gary?

The oldest home in Gary was built in 1906, and the newest in 2026.

How big are the homes in Gary?

The average property size in Gary is 1404.54 sq.ft., the largest being 4608 sq.ft., and the smallest being 0 sq.ft.

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Schools

High School:

Westside Leadership Academy

Middle School:

Williams Annex

Elementary School:

Williams

Tax and Financial Info

Semi-Annual Property Tax:

$150

Tax Year:

2025

Quick View

Address:

1340 Carolina Street Gary IN 46407

Status:

Active

On Site:

372 Days On Site

Price:

$23, 900

Bedrooms:

3 Beds

Bathrooms:

1 Full Baths

Sq. Feet:

796

Year Built:

1919

Lot Size:

0.13

County:

Lake County

Township:

Calumet

MLS #:

202524871

Property Type:

Site Built Home

Community Information

City:

Gary

Subdivision:

None

Zip Code:

46407

Rooms

Type	Dimensions	Level
Master Bedroom	8 x 8	Main
2nd Bedroom	8 x 8	Main
3rd Bedroom	8 x 8	Main

Active

$23,900

$3,000 on 08/09/2025

3 Beds

1 Baths

796 Sq. Ft.

1340 carolina Street, Gary, IN, 46407

Est. Payments: $0/mo

Residential

Built in 1919

372 days on Site

0.13 Lot Size

Central Air

Forced Air

Additional Details

Contact Agent

Jeff Safrin

F.C. Tucker Company, Inc.

(219) 309-9930

View Profile

Description

This 3-bedroom, 1-bath home sits on a 0.13-acre lot and offers 796 square feet of living space ready for your vision. With a manageable footprint and a spacious yard, it’s a great canvas for customization....

Source: IRMLS as distributed by MLS GRID, MLS ID: 202524871

Listing provided courtesy of Seth Dawson 888-611-3912 with eXp Realty, LLC

Last Updated: 8/9/2025 | 3:10 PM

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About the Neighborhood

Gary offers a peaceful environment with quiet streets and close proximity to about 20 well-maintained parks, including Edison Park and Marquette Park, providing ample outdoor spaces to explore. The neighborhood features a substantial number of single detached homes, primarily with two or three bedrooms, reflecting a charming architectural style from mid-20th century construction. Residents benefit from easy access to major highways like I-80, facilitating convenient car travel. While public transit is limited, connections through the South Shore Line and nearby airport stations support regional mobility. The community includes several grocery stores and dining options, adding to its convenient local amenities.

Learn more about

Gary Market Report

Avg. Days on Market

Avg. Price Per Sq. Ft.

93.56

Median List Price

$129,950

Homes Listed

358