Is Hammond, IN 46327 a buyer’s or seller’s market?
Hammond is a seller’s market. With about 2.6 months of supply and 53% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 85% of U.S. ZIP codes, and #12 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Hammond housing market right now
In the three months ending August 31, 2026, 53% of homes in Hammond, IN 46327 sold above their list price, the typical home went under contract in 20 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (34 days then) and the median sale price fell 4% to $162,430. Overall, Hammond is more competitive than a year ago, so tougher for buyers.
Within Lake County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Hammond ranks #12 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).
Run the numbers for 46327
Nearby markets
Cedar Lake 46303Seller’s market $197 /sq ftCrown Point 46307Seller’s market $182 /sq ftDyer 46311Seller’s market $184 /sq ftEast Chicago 46312Seller’s market $101 /sq ft Browse all markets →Towns like Hammond nearby
Find towns like Hammond in other states →Where Hammond is
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Questions about Hammond real estate
Is Hammond a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Hammond, IN 46327 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Hammond?
The typical home went under contract in 20 days in the latest three months.
Do homes in Hammond sell over asking?
53% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Hammond?
About 0.92% of a home’s value a year in Lake County, or roughly $3,680 on a $400,000 home.
What is the median home price in Hammond?
The median sale price was $162,430 in the three months ending August 31, 2026, about $182 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology