Why Live in Merrillville
In the northwest part of Indiana, Merrillville, with a population of just over 35,000, is a Chicago suburb about 45 miles southeast of downtown. “It’s fair to call Merrillville a bedroom community for people working in Chicago,” says Mark Keene, managing broker with BS Realty Services. “One of the advantages of Merrillville is that it’s not Gary. Gary's southern border connects to the northern part of Merrillville. People will buy a house a block from Gary because it has a Merrillville address.” Gary has been economically depressed after the steel industry's decline.
Some communities closer to Lake Michigan still rely on steel plants for jobs, but in Merrillville, fewer still exist. Major Merrillville employers can be found in the AmeriPlex at the Crossroads industrial and technology park, which includes an Amazon Distribution Center and ProFab Sheet Metal. North of that development is the corporate headquarters of the energy company NiSource, one of the largest employers in the region. Where Route 30, or Lincoln Highway, intersects with Interstate 65, that’s where the retail development is. “I’ve lived here my entire life. I’m 64. It used to be that you could get on Route 30
Home Trends in Merrillville, IN
On average, homes in Merrillville, IN sell after 95 days on the market compared to the national average of 70 days. The median sale price for homes in Merrillville, IN over the last 12 months is $331,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$331,000
Median Single Family Sale Price
$405,885
Median Townhouse Sale Price
$266,450
Median 2 Bedroom Sale Price
$240,000
Average Price Per Sq Ft
$171
Number of Homes for Sale
9
Last 12 months Home Sales
81
Median List Price
$331,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%