Is Decatur, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Decatur has remained a Seller's Market.
Housing Prices in Decatur, GA
How much do homes in Decatur, GA cost?
Median Sold Price
$329,956
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Decatur was $329,956 in June 2024, down 2.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211.5K | $220K | +4.0% |
2 Bedrooms | $265K | $265.3K | 0.1% |
3 Bedrooms | $313.6K | $308.9K | -1.5% |
4 Bedrooms | $415K | $399.9K | -3.6% |
5+ Bedrooms | $714.5K | $466.1K | -34.8% |
Summary: Decatur housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Cities
Atlanta | $400.2K | $419.9K | +4.9% |
Atlanta-Decatur | $350K | $349.9K | 0% |
Decatur | $339.7K | $329.9K | -2.9% |
Housing Supply in Decatur, GA
How many homes are available in Decatur, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,251 | 1,288 | +3.0% |
Summary: The Decatur real estate market had 1,288 homes for sale in June 2024, a 3.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 23 | +4.5% |
2 Bedrooms | 162 | 145 | -10.5% |
3 Bedrooms | 633 | 657 | +3.8% |
4 Bedrooms | 333 | 361 | +8.4% |
5+ Bedrooms | 101 | 102 | +1.0% |
Summary: The Decatur housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
310 | 219 | -29.4% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Summary: A total of 219 homes were sold or pending in Decatur in June 2024, down by 29.4% month-over-month. Of the 214 sold homes, 49% were sold under asking, 21% were sold at asking, and 30% were sold over asking.
Days on Market for Decatur, GA
How long does it take to sell a home in Decatur, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
27 Days | 32 Days | +19.5% |
Summary: Homes in Decatur had an average of 32 days on market in Jun 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
148 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During June 2024, 219 homes were sold in Decatur; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.