Comprehensive market data and analysis• Updated Oct 2026
14.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 5 | 8 | 12 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 10 | 16 |
Acreage buckets
The median price for land in Merrillville, Indiana is currently $72K per acre. For a typical parcel, the median sale price is $43K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $328K.
Merrillville, Indiana is currently a strong buyer's market with 14.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
Merrillville, Indiana currently has 14.4 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Merrillville, Indiana saw 15 properties sold, totaling $1.5M in sales volume. In just the last 3 months, 5 properties changed hands.
The current absorption rate in Merrillville, Indiana is 6.9% (3-month basis), indicating slow demand. The top-performing broker in this market is BS Realty Services Indiana LLC.
Land in Merrillville, Indiana averages $173K per acre. The median price per acre is $72K, which may be more representative of typical transactions. Most parcels sold are around 14,767 sq ft.
The median land price in Merrillville, Indiana stands at $43K. This translates to roughly $72K per acre for the typical parcel size. The average price is $100K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Merrillville on LandyDandy.
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