Muncie-area home prices fall 2% in June, with houses for sale in high demand

·3 min read

A typical Delaware County home listed for $129,900 in June, down 2% from the previous month's $132,500, an analysis of data from Realtor.com shows.

The median list home price in June was up about 40.6% from June 2021. Delaware County's median home was 1,748 square feet for a listed price of $92 per square foot.

The Delaware County market was busy, with a median 28 days on market. A month earlier, homes had a median 37 days on market. The market added 140 new home listings in June, compared with the 140 added in June 2021. The market ended the month with some 149 listings of homes for sale.

The median home prices issued by Realtor.com may exclude much, or even most, of a market's homes. The price and volume represent only homes that are single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

What were Muncie-area home prices in June? Here's a county-by-county breakdown

Randolph County's home prices rose 21.8%, to a median $114,950, from a month earlier. The typical house was on the market for 30 days, from 24 days a month earlier. The typical 1,584-square-foot house had a list price of $82 per square foot.

Henry County's home prices fell 2.4%, to a median $307,400, from a month earlier. The typical house was on the market for 64 days, from 80 days a month earlier. The typical 1,904-square-foot house had a list price of $133 per square foot.

Blackford County's home prices rose 19.1%, to a median $99,950, from a month earlier. The typical house was on the market for 33 days, from 31 days a month earlier. The typical 1,570-square-foot house had a list price of $62 per square foot.

Jay County's home prices rose 16.3%, to a median $148,200, from a month earlier. The typical house was on the market for 30 days, from 40 days a month earlier. The typical 1,902-square-foot house had a list price of $88 per square foot.

Across all of Indiana, median home prices were $278,450, rising 1.3% from a month earlier. The median Indiana home for sale had 1,943 square feet at list price of $140 per square foot.

Across the United States, median home prices were $450,000, up 0.7% from a month earlier. The median American home for sale had 1,887 square feet, listed at $228 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on Muncie Star Press: Muncie-area homes for sale drop to $129,900 median price