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Condo Foreclosures in Hammond, IN 46322

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Hammond, IN Foreclosures

Current Market Conditions in in Hammond, IN As of February 2026?
Over the past month, Hammond has experienced a slight increase in home prices, reflecting the ongoing trend of rising property values. Inventory remains tight, but the number of home sales has increased as buyers are eager to secure homes before prices rise further. Additionally, the local economy is showing stability, which positively impacts the confidence of homebuyers. Increased interest from out-of-state buyers has also been noted, contributing to the competitive nature of the market.
How much do homes sell for in Hammond, IN?
The average home price is currently $188,661.
In Hammond, IN, how many homes are available?
There are currently 2 active home listings available in Hammond.
What’s the average rental cost in Hammond, IN?
The average rental price in Hammond is $1,088.
What is the most expensive home in Hammond?
The most expensive home sold in Hammond had a price of $4,361,021.
What is currently the cheapest priced home in Hammond, IN?
The cheapest home for sale in Hammond is priced at $11,267.

Living in Hammond, IN

Hammond, Indiana, is a vibrant city located in Lake County, just south of Chicago. Known for its diverse community, Hammond offers various cultural attractions and recreational activities. With a convenient location near major highways and public transportation, residents enjoy easy access to the bustling city of Chicago while still being able to experience the charm of suburban living.

Buyer vs Seller Market in Hammond, IN

Hammond's real estate market has shown consistent growth in recent years, driven by its proximity to Chicago and affordable housing options. The demand for homes is strong, with many buyers looking for properties that provide value for their investment. As more people seek homes in suburban areas, Hammond has become an attractive option for families and young professionals alike.

The current market is competitive, with a low inventory of homes currently for sale. This has led to rising home prices, making it a seller's market. Many homes receive multiple offers, pushing prices above the listing amount. The trend indicates that home values will likely continue to rise as demand increases.

Home Value Estimator For Hammond, IN

There are currently 21,676 real estate properties in Hammond, IN, with a median automated valuation model (AVM) price of $183,325.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hammond, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hammond, IN, is $188,661.00, with the most expensive house in Hammond, IN, topping out at $4,361,021.00 and the cheapest home in Hammond, IN, clocking in at $11,267.00. In other words, there’s something for every potential homebuyer or savvy investor in Hammond, IN!

Rent Prices In Hammond, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hammond, IN, is on a rollercoaster ride. The average rent price in Hammond, IN, is $1,088.00. Indeed, when looking to rent in Hammond, IN, you can expect to pay as little as $540.00 or as much as $2,720.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Hammond, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Hammond, IN 46322 Condos

Market Trend for Hammond, IN

Total Listings Available: 2

Market Values:

Home Prices from $11,267 to $4,361,021

Average Sales Price: $188,661

Rental Values:

Rental from $540 to $2,720

Average Rent Value: $1,088 / month

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