Is Hammond, IN 46323 a buyer’s or seller’s market?

The Hammond housing market right now

In the three months ending August 31, 2026, 38% of homes in Hammond, IN 46323 sold above their list price, the typical home went under contract in 11 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 57 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 16%, homes sold faster (28 days then) and the median sale price fell 9% to $195,815. Overall, Hammond is more competitive than a year ago, so tougher for buyers.

Within Lake County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 92%. On our competition score, Hammond ranks #15 of 306 IN ZIP codes with enough sales (score 79 out of 100).

Nearby, buyers who want less competition could look at Gary 46402 (5% sold over asking) or Gary 46407 (9% sold over asking), while Hammond 46327 (53% sold over asking) is even more competitive.