Market Intelligence · IN / Muncie

Muncie, IN 47305 Housing Market

In Muncie, IN 47305, the typical home value is $82,251 as of September 2026, up 0.2% over the past year. The median list price is $136,250, and homes spend a median of 78 days on the market. Values are nearly flat while listings take time to move.

Updated September 2026Median value$82K

The median home value in Muncie, IN 47305 is $82K as of September 2026, up 0.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 47305 range

$76K to $89K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.2% over 12 months

Sep 2025$82K

Low $80KHigh $82K

Sep 2026$82K

The numbers

What is the 47305 housing market like?

As of September 2026

Typical home value

$82K

0.2%YoY

Median list price

$136K

6.9%MoM

Days on market

56.0%MoM

Homes for sale

8.3%MoM

Price cuts

19.5%

12.2%MoM

New listings

0.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

47305 housing market forecast 2027

+3.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 47305 to rise 3.6% by September 2027.

Over the 12 months through September 2026, typical home values in 47305 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 47305?

Zillow's forecast does not call for a drop: it expects typical home values in 47305 to rise 3.6% by September 2027, after a 0.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 47305 home prices compare?

47305$82,251
Muncie$122,148
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Muncie: 4 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

Inventory in 47305 is thin, with 13 homes for sale and only 4 new listings as of September 2026. The median list price of $136,250 sits well above the typical home value of $82,251, so many active listings appear priced higher than where most local values land. Homes take a median of 78 days to sell, giving buyers time to compare options. About 19.5% of listings have taken a price cut, a sign that some sellers are already adjusting. For anyone thinking of selling, realistic pricing from the start matters more than testing the top of the market.

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Common questions

What people ask us.

How much is a home in 47305 worth?

The typical home value in 47305 is $82,251 as of September 2026, up 0.2% over the past year. The median list price is $136,250.

How long do homes take to sell in 47305?

Homes in 47305 spend a median of 78 days on the market as of September 2026.

Are sellers cutting prices in 47305?

Yes, 19.5% of listings had a price cut as of September 2026. There were 13 homes for sale and 4 new listings that month.

Discover

Nearby ZIP markets.

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