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 April 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

$138,000

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,500(+17.4%)

Key Takeaway

Homes in Muncie have sold for 17.4% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $94.5K$79K
-16.4%
2 $69.9K$80.5K
+15.2%
3 $125.5K$157K
+25.1%
4 $198.5K$207.5K
+4.5%
5+ $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
+17.4%
Yorktown
+5.1%
Center Township
-4.2%
Hamilton Township
-7.3%

Housing Supply in Muncie, IN

How many homes are available in Muncie, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
193224+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

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 6072
+20.0%
3 96106
+10.4%
4 2833
+17.9%
5+ 811
+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 2024Apr 2024CHANGE
3451+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Muncie, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
19 Days59 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 6 Days Ago

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