Lake Station Real Estate Market: May 2026 Price Trends
The Lake Station real estate market in May 2026 continues to be one of the most affordable in Lake County. This Lake Station real estate market report covers median price, days on market, and inventory. For source data, see the NIRA FastStats and the Indiana CORE real estate portal.
Lake Station Real Estate Market: May 2026 Overview
The Lake Station real estate market in May 2026 saw continued affordability compared to surrounding Lake County. This Lake Station real estate market report covers median sale price, days on market, and months supply. For source data, see the NIRA FastStats and the Indiana CORE real estate portal.
Lake Station Real Estate Market May 2026
Your complete guide to the Lake Station real estate market | Data-driven analysis by Josh Pavich, REALTOR®
The Lake Station real estate market is tightening in May 2026. New listings dropped -36.8% and total inventory held at 18 homes. Demand stayed strong with closed sales +71.4%, pushing the median price +23.1% to $210,500. The Lake Station market remains a seller’s market at 1.6 months of supply. Here’s the full picture.
📊 May 2026 Key Metrics
📈 Lake Station Market Analysis
Lake Station is part of the Northwest Indiana real estate landscape. At a $210,500 median sale price, the market gives buyers and sellers a clear data-driven picture. The 9 metrics below tell the full story.
The headline this month is inventory: total homes for sale fell -5.3% to 18 (from 19 a year ago). New listings moved -36.8% (now 12). Lake Station remains a seller’s market at 1.6 months of supply (3.0 is the standard balanced-market benchmark).
Demand is strong: closed sales rose +71.4% to 12, and pending sales fell -47.6% to 11. Days on market increased from 8 to 42 — homes are taking longer than a year ago.
Prices moved up: the median climbed +23.1% to $210,500, while the average moved +50.8% to $210,721. Sellers received 97.5% of list price, up from 95.7%.
Lake Station vs. Lake County
| Metric | Lake Station | Lake County |
|---|---|---|
| Median Sale Price | $210,500 | (see county report) |
| YoY Price Change | +23.1% | — |
| Homes Sold (May) | 12 | — |
| Median Days on Market | 42 days | — |
| Months Supply | 1.6 | — |
For the full Lake County breakdown, see our Lake County Real Estate Market Update – May 2026.
📊 Price Comparison: Lake Station vs. NW Indiana Towns
Median sale prices for May 2026.
🏠 What This Means for Buyers & Sellers
🔑 Buyer Tip
Lake Station at a $210,500 median is one of the more affordable markets in the area. Inventory is tight, giving sellers leverage. Search Lake Station listings →
💰 Seller Tip
With 1.6 months of supply, Lake Station is still a seller’s market. Inventory is shrinking and you have less competition from other sellers. Get your free home valuation →
📋 Official MLS Data: Lake Station — May 2026
The following data comes directly from the NIRA MLS FastStats report for Lake Station, comparing May 2025 vs. May 2026.
| Key Metric | May 2025 | May 2026 | % Change |
|---|---|---|---|
| New Listings | 19 | 12 | -36.8% |
| Pending Sales | 21 | 11 | -47.6% |
| Closed Sales | 7 | 12 | +71.4% |
| Days on Market | 8 | 42 | +425.0% |
| Median Sales Price | $171,000 | $210,500 | +23.1% |
| Average Sales Price | $139,771 | $210,721 | +50.8% |
| % of Original List Price | 95.7% | 97.5% | +1.9% |
| Inventory of Homes | 19 | 18 | -5.3% |
| Months Supply | 1.4 | 1.6 | +14.3% |
Key takeaways: The Lake Station real estate market in May 2026 shows a +23.1% median price move to $210,500 with -5.3% inventory change to 18 homes and 1.6 months of supply. At a $210,500 median, Lake Station remains a strong seller’s market in NW Indiana.
Ready to navigate the Lake Station real estate market? I’d love to help you make smart moves with data-driven strategy.
Ready to Make Your Move?
Thinking about buying or selling in Lake Station? I help homeowners and investors navigate the NW Indiana market with 10+ years of local experience — including a professional background in home inspection and HVAC systems. I see things other agents miss.
📞 Call or text: (219) 508-8579
📧 Email: team@joshpavich.com
🌐 Website: joshpavich.com
Josh Pavich | Weichert, Realtors® – Shoreline
Serving all of Northwest Indiana — Porter, Lake, and LaPorte Counties
Frequently Asked Questions About the Lake Station Indiana Real Estate Market May 2026
What is the median home price in Lake Station for May 2026?
The median sale price in the Lake Station real estate market for May 2026 was $210,500, +23.1% year-over-year.
Is Lake Station a buyer's or seller's market in May 2026?
Lake Station is a seller's market with 1.6 months of supply (3 months is the standard balance benchmark).
How is housing inventory in Lake Station for May 2026?
Lake Station inventory is at 18 active homes in May 2026, with 12 closed sales. Months supply is 1.6.
How long are homes taking to sell in Lake Station?
Days on Market in Lake Station for May 2026 was 42 days, up from 8 days a year earlier.
Lake Station Real Estate Market Update — May 2026 Official Data
This Lake Station real estate market update draws on official NIRA MLS data. For the source data, see the Northwest Indiana Realtors Association FastStats and the Indiana CORE real estate portal.
