Important points
Lake County had one of the most competitive housing markets in the country in June. Median sales prices rose nearly 13% from the previous year, nearly six times the national pace. Homes sold in about 30 days, about three weeks faster than the national median price, and inventory was down about 6% even though the number of listings nationwide remained roughly flat. The market remained favorable to sellers, with the lowest-priced homes appreciating the most, and with approximately 2.1 months of supply.
A Snapshot of the Lake County, Indiana Housing Market
Median Sales Price Pending Sales Active Listing Days Days on Market Sold on List $298,351 (+12.6% YoY) 672 (+0.6% YoY) 2,150 (-5.8% YoY) 30 Days (-5 Days YoY) 24.1% (-0.4 ppt YoY)
Lake County’s housing market tightened in June. Prices posted their biggest annual increase in nearly a year, home ownership changed hands as quickly as anywhere in the country, and the supply of properties dwindled. Buyers had fewer options than a year ago, and those who found the right home had little time to make a decision.
Learn what you need to know about the Lake County, Indiana housing market as summer comes to an end and what buyers and sellers can do to be successful.
A snapshot of the US housing market
Median Sales Price Pending On Sale Active Listing Days Balance of Buyers and Sellers on Market $408,776 (+2.2% YoY) 349,254 (+4.5% YoY) 1,496,490 (+0.8% YoY) 49 Days (+1 Day YoY) Number of sellers outnumber buyers by 48.5%
Nationally, the market moved at a more moderate pace, with prices up about 2%, pending sales up 5%, and the number of homes for sale little changed. Lake County looked very different. Prices there rose nearly six times faster, homes sold 19 days faster than the national median, and inventory declined rather than remaining flat.
“June marked a crossroads in the continued recovery of the housing market,” said Chen Zhao, head of economic research at Redfin. “Prices rose faster than in recent months, with economic uncertainty related to the Iran war and rising mortgage rates spooking some home buyers and sellers.On the bright side, home sales are trending upwards and wages have risen faster than prices, helping There are areas of competition in the Midwest, Northeast, and Gulf Coast regions, but in general, consumers are still weathering a difficult period. Still, economists expect the market to improve gradually over the next few years.”
Lake County prices increase 13% in year.
The typical home in Lake County sold for $298,351 in June, an increase of almost 13% from the same month last year. This is nearly six times the national pace of about 2%, and it is the first time in about a year that prices have risen so rapidly. After a slow rise through the spring, prices rose sharply in June, pushing the median price to its highest level in at least two years.
The higher price did not bring all the benefits to the seller. About 24% of active publicly traded companies reduced prices in June, which was slightly more common than the 19% seen nationally, with the typical price reduction being about 4% of the original asking price. Affordable homes sold within days, but overpriced homes still had to go down.
Homes sold faster than in the domestic market
The typical home in Lake County goes under contract in just 30 days, 19 days faster than the national median of 49 days. More than 41% of properties found a buyer within two weeks, compared to 31% nationally. This rate reflects steady local demand in the face of a housing shortage.
The number of completed sales was 663, an increase of approximately 3% from the previous year, and the number of pending sales remained almost unchanged at 672. Approximately one-quarter of the homes were sold for more than the asking price, matching the national share. This shows that buyers competed for the best properties, even though most deals closed below list price. In such a hot market, the highest priced homes rarely lasted long.
Continued pressure from fewer homes for sale
Despite inventory being almost flat nationwide, the number of homes for sale decreased by approximately 6% from the previous year to 2,150. The number of new properties eased only slightly, increasing by approximately 2% to 720 properties. With steady demand and little fresh supply, the pool of available housing continued to shrink.
This imbalance leaves Lake County with about 2.1 months of supply remaining, well below the national rate of 3.7 months and remaining firmly in seller territory. The market is generally considered to be balanced with 5-6 months of supply, so 2.1 months means sellers are still setting the terms. Upward pressure on prices is likely to continue until more owners list their homes.
The biggest price increase was at the bottom.
Median price tier (YoY) Sold (YoY) DOM (YoY) Listing rate (YoY) Luxury (top 5%) $768,749 (+7.0%) 69 (+3.0%) 54 days (-17 days) 13.0% (-12.3 ppt) High price (65th – 95%) $410,583 (+1.6%) 470 (+16.9%) 47 days (+2 days) 17.7% (+2.2 ppt) Non-luxury (35th place -65%) $284,383 (+3.1%) 478 (-5.5%) 30 days (-11 days) 21.5% (-4.9 ppt) Starter (5 -35%) $188,883 (+6.4%) 506 (-9.0%) 32 days (-13 days) 25.1% (-1.9 ppt) Bottom (bottom 5%) $46,309 (+17.7%) 111 (-5.1%) 20 days (0 days) 17.1% (-14.5 ppt)
Redfin Analysis of MLS Data • Rolling 3-month period (March-May 2026)
The least expensive homes in the county led the way, with the bottom 5% increasing by nearly 18% to a median price of $46,309. Prices for entry-level homes rose about 6% and luxury properties rose 7% to $768,749, both outpacing national price increases of 1% and 5%. The top tier lagged behind, with prices increasing by just 2%.
Sales volumes tell a different story. Sales of high-rise homes increased nearly 17% from a year ago, but sales of starter homes and non-luxury homes fell 9% and 6%, respectively, due to fewer mid-priced properties on the market. Homes sold at a brisk pace at nearly every level, with luxury properties transacting 17 days earlier than last year. The numbers for this tier reflect a small sample, as fewer than 70 luxury homes changed hands within a three-month period.
How buyers and sellers can navigate the Lake County, Indiana housing market
When shopping in Lake County, speed and preparation are more important than bargain hunting. Homes were under contract in about a month, with the most expensive homes closing first. So by underwriting the full price before the tour, you’ll be in a better position to act when a suitable property appears. Inventory is tight, but with only a modest increase in new listings and nearly one in four homes offering price reductions, ready buyers can still find room to negotiate on the right property.
When selling, data can help you set a more realistic price than an ambitious asking price. With a supply period of just 2.1 months and homes coming under contract within approximately 30 days, the well-located property attracted immediate interest. Still, with nearly a quarter of active listings already having their prices reduced, homes that start out too high tend to sit idle while higher-priced competitors sell. Pricing close to recent comparable sales was the surest way to attract strong offers.
Lake County, Indiana market data by city
Rolling three-month period (April to June 2026). Displays cities with 50 or more sales.
New sales listings for the city’s median sales price (year-over-year). Percentage of active DOM above supply Gary $129,929 (+52.9% YoY) 224 317 548 36 21.5% 3.6 Crown Point $329,821 (+9.9% YoY) 175 238 354 31 17.0% 2.5 Hammond $199,891 (+2.5% YoY) 171 174 273 17 33.6% 1.2 St. John $448,596 (+4.3% YoY) 157 191 307 37 17.7% 2.9 Schillerville $350,309 (+3.0% YoY) 132 163 220 20 25.6% 1.9 Hobart $255,226 (+11.0% YoY) 123 150 228 32 28.4% 2.0 Merrillville $258,859 (+0.3% YoY) 112 138 212 28 28.5% 2.2 Cedar Lake $338,166 (+17.9% YoY) 93 93 176 32 14.3% 2.7 Lowell $358,705 (+15.0% YoY) 92 89 165 50 12.2% 2.1 Munster $379,793 (+0.6% YoY) 89 97 150 32 17.3% 2.1 Highland $265,874 (+1.5% YoY) 81 102 137 14 35.5% 1.8 Dyer $310,331 (-8.1% YoY) 61 68 98 22 20.0% 1.3 Winfield $412,901 (+0.7% YoY) 55 73 123 47 20.4% 3.5 Griffith $264,856 (+3.9% YoY) 53 53 80 23 21.2% 1.2
This article was created in whole or in part using generative artificial intelligence (AI) technology with input from Chen Zhao, Head of Economic Research at Redfin. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and quotes contained in this article before relying on the information for any purpose. This information is not intended to substitute for advice from a real estate agent, financial advisor, or other qualified professional. County-level data are not seasonally adjusted. For more detailed housing market data, check out the Redfin Data Center.
