Why Live in Gas City
Gas City is an east-central Indiana community that exploded with development in the late 19th century due to the discovery of natural gas. The area’s name remains a token from that period, but Gas City’s boom proved short-lived. Yet this area of about 6,100 people is undergoing a modern renaissance of sorts, blooming with businesses and benefiting from a location not far from Indianapolis. “I think the main draw is that Gas City is right at I-69,” says Cathy Hunnicutt, a local Realtor at Re/Max Realty One who ranks among Indiana’s top-selling agents with over 100 transactions a year. “So if you live in Gas City you’re very close to the interstate. It’s still a small-town feel. There have been a lot of new businesses in the last couple years. Places that were needing to be purchased and renovated have been.” While there are some modern outliers, many of Gas City’s houses were built across the early to mid-20th century. The area is packed with classic ranch- and bungalow-style options, and those that need work are appealing to some buyers. “The major growth is in the neighborhoods where the houses might’ve sold for under $50,000,” Hunnicutt says. “People are buying them, they are
Home Trends in Gas City, IN
On average, homes in Gas City, IN sell after 52 days on the market compared to the national average of 51 days. The median sale price for homes in Gas City, IN over the last 12 months is $153,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$153,000
Median Single Family Sale Price
$153,000
Median 2 Bedroom Sale Price
$239,950
Average Price Per Sq Ft
$113
Number of Homes for Sale
12
Last 12 months Home Sales
89
Median List Price
$169,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
0%