Hoosier Hub

Realty

Homes for Sale Under 200K in Merrillville, IN

52 Homes for Sale

Sort by:Newest Listings

Don't miss out on new listings — and get instant email alerts!

Do Real Estate on the Go!

Find your dream home, receive real-time updates, and many more!

OPEN APP

Merrillville, IN Housing Market Overview

Merrillville is a balanced market, giving buyers and sellers room to negotiate. With 2.5 months of supply and homes averaging 52 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

52

Inventory

76

Sep 2021Mar 2024Mar 2026

Median Home Price

$259,950Up 0.06%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
76 Down 0.28%
Newly Listed Homes
36 Down 0.16%
Months of Supply
2.5 Down 1.00%

Housing Demand

Homes Sold
30 Down 0.00%
Sale-to-List Ratio
99% Up 1.04%
Homes Sold Above List
20% Down 0.00%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Merrillville Market Report
Mortgage Calculator
How Much House Can I Afford
How to Buy a House
Best Places to Live in Indiana
Safest Places to Live in Indiana
Cheapest Places to Live in Indiana
  • mls-img
    Based on information provided by the Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service through Oct 9, 2026, 2:31 PM as submitted to and distributed by MLS GRID. Information Deemed Reliable But Not Guaranteed. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. © 2026 Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service. All rights reserved.
Click to see all homes
static map image
Satellite
Merrillville, IN Housing Marketlink qauare
Homes Available icon

52

Homes Available

Median List Price icon

$ 259,950

Median List Price

Avg on Market icon

52 Days

Avg on Market

Close IconHouzeo

Do Real Estate on the Go!

OPEN APP
For Sale
Price
Beds & Baths
Home Type
Filters
Save Search Share