Lake County, IN Home Values & Market Trends
The median home price in Lake County, IN is $215,037. There were 8,750 home sales in Lake County, IN over the past 12 months. The median residential Lake County, IN home value for transactions over the previous year is $77,747.278. The number of current listings in Lake County, IN is 541, and the percentage of properties for sale is 541.00%. The county has 662 foreclosures, 49 bank owned properties, 142 headed for auction, and 541 properties for sale.
Lake County, IN Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Gary | $ 98,173 $ 65/sqft | Schererville | $ 331,500 $ 160/sqft |
| Crown Point | $ 341,993 $ 159/sqft | Highland | $ 236,139 $ 152/sqft |
| Hammond | $ 154,168 $ 117/sqft | Cedar Lake | $ 310,910 $ 162/sqft |
| Saint John | $ 430,250 $ 196/sqft | Griffith | $ 245,250 $ 135/sqft |
| Merrillville | $ 229,348 $ 133/sqft | East Chicago | $ 115,499 $ 69/sqft |
| Hobart | $ 231,934 $ 148/sqft | Whiting | $ 168,890 $ 112/sqft |
| Munster | $ 340,500 $ 158/sqft | Lake Station | $ 140,500 $ 128/sqft |
| Lowell | $ 304,500 $ 163/sqft | Schneider | $ 173,350 $ 139/sqft |
| Dyer | $ 325,335 $ 165/sqft | Shelby | $ -- $ -- |
Housing Market Summary for Lake County, IN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $214.7K | $205.3K | -4.40% |
| Median Sold Price | $215.8K | $205.3K | -4.87% |
| Homes For Sale | 442 | 517 | 16.97% |
| Homes Sold | 2,969 | 5,235 | 76.32% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Lake County, IN
Lake County, IN home values range from $14,483 to $13,580,654. Saint John is the priciest city with a median listing home price of $464,900, and Gary is most affordable with average house prices of around $125,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.27% of all residential properties in Lake County, IN with Hammond containing 73 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 18 cities within Lake County, IN; of those cities, the estimated home value for pre-foreclosure homes ranges from $362,000 in Schererville to the lowest home value of $28,912 in Gary.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake County, IN ranges from the highest value of $180,397 in Schererville to the lowest value of $21,900 in Gary. Bank owned homes and properties account for 0.03% of properties in Lake County, IN. There are 18 cities within Lake County, IN; Gary containing 21 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsGary has 34 auction properties, the highest number of properties going to auction in a single city in the state of Lake County, IN. Auction homes and other auction properties account for 0.08% of all properties in Lake County, IN. There are 18 cities within Lake County, IN; of those cities, the median estimated home value for homes going to auction ranges from $263,129 in Munster to the lowest value of $30,983 in Munster.
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Guide for Lake County, IN
The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
