Is Decatur, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Decatur has remained a Seller's Market.
Key Takeaway
Decatur is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Decatur, GA cost?
Median Sold Price
$345,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Decatur have sold for 41.4% less than they did a year ago.
Summary: The median home sold price in Decatur was $345,000 in August 2023, down 41.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $231.7K | -5.4% |
| 2 Bedrooms | $375K | $270K | -28.0% |
| 3 Bedrooms | $575K | $322.2K | -44.0% |
| 4 Bedrooms | $759.5K | $430.2K | -43.3% |
| 5+ Bedrooms | $1.2M | $761.7K | -36.5% |
Summary: Decatur housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 28%, 3 bedroom homes decreased by 44%, 4 bedroom homes decreased by 43.3%, and 5+ bedroom homes decreased by 36.5%.
Median Sold Price Compared To Nearby Cities
| Atlanta | $388.7K | $404.8K | +4.1% |
| Atlanta-Decatur | $345.4K | $347.5K | +0.6% |
| Decatur | $588.4K | $345K | -41.4% |
Housing Supply
How many homes are available in Decatur, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 783 | 916 | +17.0% |
Summary: The Decatur real estate market had 916 homes for sale in August 2023, a 17.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 85 | 81 | -4.7% |
| 3 Bedrooms | 390 | 473 | +21.3% |
| 4 Bedrooms | 226 | 253 | +11.9% |
| 5+ Bedrooms | 68 | 96 | +41.2% |
Summary: The Decatur housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 200 | 204 | +2.0% |
Asking Price vs. Sold Price
81 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.
Summary: A total of 204 homes were sold or pending in Decatur in August 2023, up by 2.0% month-over-month. Of the 192 sold homes, 42% were sold under asking, 24% were sold at asking, and 33% were sold over asking.
Days on Market
How long does it take to sell a home in Decatur, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 11 Days | 30 Days | +173.7% |
Summary: Homes in Decatur had an average of 30 days on market in Aug 2023, up by 173.7% compared to last year.
Breakdown of Home Sale Times
142 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Decatur are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 204 homes were sold in Decatur; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.