Mayor Thomas M. McDermott Jr.

Hammond Housing Market Trending Up

CATEGORY: Mayor's Office, News

Hammond Mayor Thomas M. McDermott is proud to announce that Hammond’s housing market is trending upwards. In 2017, 42% of houses were sold within the first 30 days and 26% within first 60 days receiving 98% and 96% of listing price respectively. In the last five years, the median selling price in Hammond has increased by $32,500 and the number of units sold increased by 120.

Housing markets seeing the uptick include a mixture of all Hammond neighborhoods and new housing built in areas like Parrish View in the Hessville part of the City. “As the mayor of this great City, I have strived to create a positive image and work towards its success as a valued city in Northwest Indiana”, stated Mayor Thomas M. McDermott, Jr. “I am proud to call Hammond home”.

In 2007 and 2016, Hammond won the U.S. Conference of Mayors City Livability Award, and in 2008 Hammond was honored with the Community Achievement Award from the Indiana Association of Cities and Towns for the College Bound program. Also in 2016, Hammond was rated as the most diverse City in Northwest Indiana by the U.S. Census.

“I believe the national recognition for our College Bound Program, our proximity to Chicago, and the many opportunities here played a role in the increased home sales,” stated Mayor McDermott.