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  • Schererville

    Why you'd want to live in Schererville

    Long before Indiana became a state, long before the founding of Schererville, people called this place the “Crossroads.” The name was appropriate. Several Indian trails intersected in the area and these trails became westward routes for the wagons of settlers looking to make their fortune in new unclaimed lands. One of these settlers was Nicholas Scherer, who arrived in the U.S. from Germany in 1846. When he came to this place at the southern tip of Lake Michigan in 1866, he founded the community that bears his name. Today, trails still cross in Schererville, but these are the modern trails of a motorized society, U.S. Highways 41 and 30. Nearby are newer trails, I-80/94 and I-65. These are all primary transcontinental routes and gave rise to Schererville’s slogan: “Crossroads of the Nation.”

    Schererville Market Report

    $536,342

    AVERAGE PRICE OF 64 HOMES

    $2,450,000

    AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

    $529,413

    AVERAGE PRICE OF 6 NEWLY BUILT HOMES

    $518,537

    AVERAGE PRICE OF 8 HOMES WITH A POOL

    $533,933

    AVERAGE PRICE OF 6 REDUCED PRICE HOMES

    Average Home

    Average Price $536,342
    Avg Bedrooms 2.94 beds
    Avg Bathrooms 2.52 baths

    Average Price by Bedrooms

    2 bedrooms $316,965
    3 bedrooms $468,895
    4 bedrooms $552,060
    5 bedrooms $583,450
    Schererville Home Price Trends
      8/2024 7/2024 6/2024 5/2024 4/2024
    Total Listings 72 75 74 64 54
    Average Price $468,593 $421,624 $411,344 $438,115 $438,687
    Avg Price Change +11.14% +2.50% -6.51% -0.13% -7.78%
    Median Price $376,918 $336,276 $373,027 $372,527 $361,781
    Med Price Change +12.09% -10.93% +0.13% +2.97% -4.29%
    Avg Bedrooms 2.74 beds 2.71 beds 2.76 beds 2.87 beds 2.84 beds
    Avg Bathrooms 2.36 baths 2.35 baths 2.36 baths 2.42 baths 2.38 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Lake Central High School 31 $537,397 60 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 64 $536,342 67 days
    Multi-Million Dollar Homes 3 $2,450,000 145 days
    Newly Built Homes 6 $529,413 70 days
    Homes with a Pool 8 $518,537 61 days
    Reduced Price Homes 6 $533,933 68 days

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