Tracey Velt's Market Report
Muncie, IN
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Muncie, IN
Sun Apr 05 2026
This week the median list price for Muncie, IN is $189,500 with the market action index hovering around 44. This is an increase over last month's market action index of 41. Inventory has decreased to 119.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $189,500 | |
| Median Price of New Listings | $165,000 | |
| Per Square Foot | $116 | |
| Average Days on Market | 86 | |
| Median Days on Market | 56 | |
| Price Decreased | 36% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 119 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
Despite this week’s down tic, the price trend remains upward for several weeks. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $359,900 | 2,626 | 0.25 - 0.5 acre | 3 | 3 | 42 | 2 | 6 | 77 |
| $249,950 | 1,939 | 0.25 - 0.5 acre | 3 | 2 | 66 | 6 | 2 | 31 |
| $129,450 | 1,244 | 6,500 - 8,000 sqft | 3 | 1 | 83 | 7 | 7 | 42 |
| $84,900 | 885 | 4,500 - 6,500 sqft | 2 | 1 | 93 | 4 | 1 | 98 |