Is Muncie, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Muncie has remained a Seller's Market.
Housing Prices in Muncie, IN
How much do homes in Muncie, IN cost?
Median Sold Price
$139,900
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Muncie was $139,900 in March 2024, up 18.9% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64K | $79K | +23.4% |
2 Bedrooms | $68.9K | $70.8K | +2.7% |
3 Bedrooms | $125.2K | $155K | +23.8% |
4 Bedrooms | $179K | $196K | +9.5% |
5+ Bedrooms | $253.7K | $259.9K | +2.5% |
Summary: Muncie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Muncie | $117.6K | $139.9K | +18.9% |
Yorktown | $219K | $249.9K | +14.1% |
Liberty Township | $148.7K | $139.2K | -6.4% |
Center Township | $110K | $101.7K | -7.5% |
Hamilton Township | $225.4K | $205.3K | -8.9% |
Housing Supply in Muncie, IN
How many homes are available in Muncie, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 221 | +33.9% |
Summary: The Muncie real estate market had 221 homes for sale in March 2024, a 33.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 50 | 69 | +38.0% |
3 Bedrooms | 78 | 109 | +39.7% |
4 Bedrooms | 25 | 32 | +28.0% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Muncie housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 38%, 3 bedroom homes increased by 39.7%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 60 | +215.8% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Muncie in March 2024, up by 215.8% month-over-month. Of the 57 sold homes, 61% were sold under asking, 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 72 Days | +80.3% |
Summary: Homes in Muncie had an average of 72 days on market in Mar 2024, up by 80.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Muncie; 20% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.