Is Muncie, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Muncie is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Muncie has remained a Seller's Market.

Key Takeaway

Muncie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Muncie, IN

How much do homes in Muncie, IN cost?

Median Sold Price

$145,000

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,666(+12.1%)

Key Takeaway

Homes in Muncie have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Muncie was $145,000 in November 2024, up 12.1% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$52K
-58.4%
2 $80.2K$90K
+12.1%
3 $139.9K$157K
+12.2%
4 $214K$213K
-0.5%
5+ $253.7K$225K
-11.3%

Summary: Muncie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Cities

Yorktown
+13.0%
Center Township
+12.7%
Muncie
+12.1%

Housing Supply in Muncie, IN

How many homes are available in Muncie, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
358382+6.7%

Summary: The Muncie real estate market had 382 homes for sale in November 2024, a 6.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 9499
+5.3%
3 180204
+13.3%
4 6660
-9.1%
5+ 1213
+8.3%

Summary: The Muncie housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74100+35.1%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Muncie, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 100 homes were sold or pending in Muncie in November 2024, up by 35.1% month-over-month. Of the 98 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Muncie, IN

How long does it take to sell a home in Muncie, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days23 Days-33.9%

Summary: Homes in Muncie had an average of 23 days on market in Nov 2024, down by 33.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Muncie are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 100 homes were sold in Muncie; 16% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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