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 11 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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Additional Details

Property Details

Total Sq. Ft.:

1, 568

Basement:

Yes

Directions:

Cline Ave To 5th East To Gerry, Right To Address

Interior Features

Ceiling Fan(S), Other

Appliances

Gas Range, Refrigerator, Microwave

Heat

Forced Air, Natural Gas

Total Rooms

7 Rooms

Tax and Financial Info

Tax Year:

2024

Quick View

Address:

556 Gerry Street Gary IN 46406

Status:

Pending

On Site:

195 Days On Site

Price:

$189, 900

Bedrooms:

3 Beds

Sq. Feet:

1, 568

Year Built:

1954

Lot Size:

0.112

County:

Lake

Township:

Calumet

MLS #:

831999

Property Type:

Single Family Residence

Community Information

City:

Gary

Subdivision:

Gary City Estates

Zip Code:

46406

Rooms

Type	Dimensions	Level
Living Room	-
Kitchen	-
Primary Bedroom	-
Bedroom 2	-
Bedroom 3	-
Family Room	-
Laundry	-

Pending

$189,900

$10,000 on 02/23/2026

3 Beds

2 Baths

1,568 Sq. Ft.

556 Gerry Street, Gary, IN, 46406

Est. Payments: $0/mo

Residential

Built in 1954

195 days on Site

0.112 Lot Size

Forced Air, Natural Gas

Additional Details

Contact Agent

Jeff Safrin

F.C. Tucker Company, Inc.

(219) 309-9930

View Profile

Description

Beautifully updated one-story home with a finished basement, fenced yard, and 2-car garage. Truly move-in ready with nothing left to do. The main level offers two bedrooms and a 3/4 bath, while the finished basement adds a third bedroom, spacious family room, and an additional 3/4 bath. Finished laundry room includes washer, dryer, and si...

Source: NIRA as distributed by MLS GRID, MLS ID: 831999

Listing provided courtesy of Estela Lopez (219) 322-5508 with McColly Real Estate

Last Updated: 4/28/2026 | 7:08 PM

Mortgage Calculator

Loan Price: 0/mo

Price & Interest: 0/mo

Property Tax: 0/mo

Mortgage Insurance: 0/mo

Home Insurance: 0/mo

Down Payment

Home Owner Insurance

/yr

Property taxes

/mo

HOA Fees

/mo

Loan Term (Years)

Interest Rate

Mortgage Insurance

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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