Why Live in Schererville
The Northwest Indiana town of Schererville is often called the “Crossroads of the Nation.” It dates to long before the town's founding in 1866, when American settlers migrating west converged at this point along the way. Today, it’s where U.S. Highway 41, which spans from Michigan to Florida, and U.S. Highway 30, going from New Jersey to Oregon, intersect. “Schererville is growing a bit in terms of the population,” says Steven Cleveland, a broker associate with @properties. “There’s not much new construction happening here - that’s happening more in communities surrounding Schererville.” Schererville is 35 miles southeast of downtown Chicago, with a mix of people who work in Northwest Indiana and those who commute to Chicago. Schererville is close to the Illinois border, and one of the advantages is tax breaks for living in Indiana. “The biggest driving factor is lower property taxes, and we don’t have a grocery tax,” Cleveland says. “Many people come from Illinois to shop for groceries.” The median single-family house price is $370,000, which is slightly lower than the national median, according to the National Association of Realtors. It’s higher than Dyer, at $340,000, the
Home Trends in Schererville, IN
On average, homes in Schererville, IN sell after 38 days on the market compared to the national average of 50 days. The median sale price for homes in Schererville, IN over the last 12 months is $339,500, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$339,500
Median Single Family Sale Price
$375,500
Median Townhouse Sale Price
$329,000
Median 2 Bedroom Sale Price
$207,500
Median 1 Bedroom Sale Price
$135,000
Average Price Per Sq Ft
$164
Number of Homes for Sale
94
Last 12 months Home Sales
341
Median List Price
$354,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%