Is Merrillville, IN 46410 a buyer’s or seller’s market?

The Merrillville housing market right now

In the three months ending August 31, 2026, 26% of homes in Merrillville, IN 46410 sold above their list price, the typical home went under contract in 18 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 94 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (32 days then) and the median sale price fell 1% to $248,393. Overall, Merrillville is about as competitive as it was a year ago.

Within Lake County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Merrillville ranks #71 of 306 IN ZIP codes with enough sales (score 64 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) and Hammond 46324 (39% sold over asking) are even more competitive.