Is Decatur, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Decatur was a Buyer's Market.
Housing Prices in Decatur, MI
How much do homes in Decatur, MI cost?
Median Sold Price
$179,900
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Decatur was $179,900 in April 2024, up 35.8% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $130K | +85.7% |
2 Bedrooms | $123K | $120K | -2.4% |
3 Bedrooms | $168K | $183K | +8.9% |
4 Bedrooms | $147.5K | $393.5K | +166.8% |
5+ Bedrooms | $108K | $293K | +171.3% |
Summary: Decatur housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.7%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 166.8%, and 5+ bedroom homes increased by 171.3%.
Median Sold Price Compared To Nearby Cities
Decatur | $132.5K | $179.9K | +35.8% |
Decatur Township | $147.5K | $190K | +28.8% |
Housing Supply in Decatur, MI
How many homes are available in Decatur, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Summary: The Decatur real estate market had 10 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Decatur 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 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Decatur in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Decatur, MI
How long does it take to sell a home in Decatur, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Decatur; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.