Merrillville, IN Real Estate Market Summary – September 7, 2026
In Merrillville, IN, the real estate market has seen 33 homes sold in the last 30 days, with an average living area of 1,824 square feet. The average sale price for these homes is approximately $266,325, and they are spending about 12 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 33 |
| Sold Per Day | 1.10 |
| Average SQFT | 1824 |
| Median Sales Price | $259,900 |
| Average Sales Price | $266,325 |
| Average Price Per SQFT | $147 |
| Average Days on Market | 12 |
| Average Year Built | 1981 |
Merrillville, IN Single Family Home Analysis
For single-family homes, 29 properties have been sold recently. These homes have an average living area of 1,857 square feet, with an average price of around $259,162 and an average of approximately 13 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 29 |
| Sold Per Day | 1 every 1.03 days |
| Average SQFT | 1857 |
| Median Sales Price | $257,000 |
| Average Sales Price | $259,162 |
| Average Price Per SQFT | $142 |
| Average Days on Market | 13 |
| Average Year Built | 1977 |
Merrillville, IN Condo & Townhome Analysis
In the condo and townhome segment, 3 units have been sold. The average living area for these properties is 1,508 square feet, with an average sale price of roughly $284,340, and they are typically on the market for about 11 days before a sale.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | 1508 |
| Median Sales Price | $265,000 |
| Average Sales Price | $284,340 |
| Average Price Per SQFT | $190 |
| Average Days on Market | 11 |
| Average Year Built | 2016 |
Buyer & Seller Analysis
- 33 homes sold in the past month, averaging 1.1 sold per day.
- Homes are spending an average of 12 days on the market.
- The average sale price is around $266,325.
- Single-family homes have a higher average price compared to condos.
Conclusion
Overall, the Merrillville real estate market is experiencing consistent activity with a variety of properties sold across different segments. The average days on market suggest a well-functioning market providing opportunities for both buyers and sellers.