Is Muncie, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$134,300
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Muncie was $134,300 in May 2024, up 14.8% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $50K | -60.0% |
2 Bedrooms | $70K | $78K | +11.4% |
3 Bedrooms | $126.9K | $153.5K | +21.0% |
4 Bedrooms | $188K | $182K | -3.2% |
5+ Bedrooms | $230K | $202K | -12.2% |
Summary: Muncie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
Muncie | $117K | $134.3K | +14.8% |
Yorktown | $229K | $245K | +7.0% |
Center Township | $104.9K | $105.2K | 0.3% |
Hamilton Township | $229.9K | $185K | -19.6% |
Housing Supply in Muncie, IN
How many homes are available in Muncie, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
139 | 198 | +42.4% |
Summary: The Muncie real estate market had 198 homes for sale in May 2024, a 42.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 40 | 57 | +42.5% |
3 Bedrooms | 72 | 98 | +36.1% |
4 Bedrooms | 16 | 27 | +68.8% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Muncie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.5%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 68.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 47 | +123.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Muncie in May 2024, up by 123.8% month-over-month. Of the 47 sold homes, 51% were sold under asking, 28% were sold at asking, and 21% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 33 Days | -36.2% |
Summary: Homes in Muncie had an average of 33 days on market in May 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Muncie; 43% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.