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Merrillville, Indiana is a town of about 36,000 people located in central Lake County, Indiana. Merrillville was incorporated in 1971 making it a young town. Many of the town’s original residents came to Merrillville from Gary, Indiana during the 1970s and 1980s. The town is located about 35 miles east, southeast of Downtown Chicago.
Merrillville has had an interesting start. Merrillville has an incredible amount of commercial properties and restaurants. At one time, Merrillville had more restaurants per capita than any other town or city in America. This mass of commercial enterprises developed along U.S. Highway 30 which cuts right through Merrillville. Big box retailers, car dealerships, hotels, and the largest indoor mall in Indiana can all be found along this thoroughfare.
Merrillville also has great recreational opportunities. Nearby is the Indiana National Lakeshore, the Dunes National Park, Deep River County Park. If you are seeking a little more man-made fun, check out Deep River water park. This water park has a wave pool, lazy river, and tons of water slides.
Single family homes make up 80% of the property for sale in Merrillville, Indiana. The remainder of Merrillville real estate sales are duplexes, townhouses, and condos. Merrillville housing is in high demand. A combination of low inventory, affordable prices, and abundant opportunity is driving the market.
Homes for sale in Merrillville, IN offer a great opportunity to buyers. Relty sells for an average price of $163,135. This is about 25% less than the combined Northwest Indiana region. The average days on market for these houses is 54 days. This is about 30% less than the average for Northwest Indiana. This is a strong indicator that Merrillville real estate is underpriced. Buyers of Merrillville homes for sale are likely to see their investment appreciate in the near term.
Quadwalls.com features all of the houses for sale in Merrillville, IN. We update the Merrillville real estate listings several times each day. Start searching for your new home on our website today!
