Northwest Indiana Real Estate Market Update

February 2026 vs February 2025

As we move into the spring market, many buyers and sellers are asking the same question: How is the Northwest Indiana housing market performing compared to last year?

Looking at the Northwest Indiana MLS data, February 2026 showed continued growth in both home prices and sales activity compared to February 2025. Despite higher interest rates than a few years ago, demand for homes across Northwest Indiana remains strong.

YOY

Let’s break down the numbers.

Closed Home Sales

In February 2026, there were:

• 639 homes sold in Northwest Indiana

  Feb 2026 Residential

In February 2025, there were:

• 640 homes sold

  Feb 2025 Residential

While the number of homes sold was very similar year-over-year, the overall value of those homes increased significantly thanks to rising home prices.

Average Home Price

February 2026

• Average Sold Price: $301,310

  Feb 2026 Residential

February 2025

• Average Sold Price: $287,800

  Feb 2025 Residential

Year-Over-Year Change

Average home prices increased roughly $13,500, or about 4.7% year over year.

This continues the steady appreciation trend we have been seeing throughout Northwest Indiana.

Price Per Square Foot

February 2026

• $156 per square foot

  Feb 2026 Residential

February 2025

• $150 per square foot

  Feb 2025 Residential

That is about a 4% increase in value per square foot, showing that home values continue to rise even when the number of sales remains steady.

Days on Market

February 2026

• 55 average days on market

  Feb 2026 Residential

February 2025

• 60 average days on market

  Feb 2025 Residential

Homes are selling about 5 days faster than they were last year.

Nearly 45% of homes sold in 30 days or less, showing strong buyer demand across the region.

Feb 2026 Residential

Sale Price vs List Price

February 2026

• Homes sold for 97.01% of list price on average

  Feb 2026 Residential

February 2025

• Homes sold for 97.21% of list price

  Feb 2025 Residential

This shows that while buyers are still negotiating slightly, sellers are still receiving very close to asking price.

Overall Market Activity

Looking at the broader MLS activity across property types:

• Total homes sold increased 11% year over year

• Total sold volume increased 15%

• Average sale price increased about 4%

  YOY

These numbers indicate that demand remains strong and home values continue to trend upward across Northwest Indiana.

What This Means for Buyers

Buyers should be aware that:

• Home prices are still rising

• Well-priced homes continue to sell quickly

• Competition can still occur, especially for move-in ready homes

Working with an experienced local Realtor can help you move quickly when the right home hits the market.

What This Means for Sellers

For sellers, this data shows that:

• Home values are higher than last year

• Homes are selling faster

• Buyers are still active despite interest rates

If you are considering selling in 2026, this could still be a strong time to list your home.

Thinking About Buying or Selling?

If you would like a free home value analysis or want to discuss buying a home in Northwest Indiana, feel free to reach out anytime.

Brent W. Wright
Realtor | TWG – The Wright Group
Powered by McColly Real Estate

📧 BrentWrightHomes@gmail.com
📱 219-406-7195
🌐 www.TWGRealty.com