Is Muncie, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$138,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Muncie was $138,000 in April 2024, up 17.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94.5K | $79K | -16.4% |
2 Bedrooms | $69.9K | $80.5K | +15.2% |
3 Bedrooms | $125.5K | $157K | +25.1% |
4 Bedrooms | $198.5K | $207.5K | +4.5% |
5+ Bedrooms | $253.7K | $217.9K | -14.1% |
Summary: Muncie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
Muncie | $117.5K | $138K | +17.4% |
Yorktown | $228.2K | $240K | +5.1% |
Center Township | $110K | $105.4K | -4.2% |
Hamilton Township | $225.4K | $209K | -7.3% |
Housing Supply in Muncie, IN
How many homes are available in Muncie, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
193 | 224 | +16.1% |
Summary: The Muncie real estate market had 224 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 60 | 72 | +20.0% |
3 Bedrooms | 96 | 106 | +10.4% |
4 Bedrooms | 28 | 33 | +17.9% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Muncie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 51 | +50.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Muncie in April 2024, up by 50.0% month-over-month. Of the 51 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 59 Days | +204.2% |
Summary: Homes in Muncie had an average of 59 days on market in Apr 2024, up by 204.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Muncie; 22% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.