Is Decatur, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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 in Decatur, GA
How much do homes in Decatur, GA cost?
Median Sold Price
$329,134
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Decatur have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Decatur was $329,134 in March 2024, down 8.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $225.7K | 0.3% |
| 2 Bedrooms | $260K | $257.8K | -0.8% |
| 3 Bedrooms | $345.7K | $304.9K | -11.8% |
| 4 Bedrooms | $435K | $395.9K | -9.0% |
| 5+ Bedrooms | $749.9K | $450K | -40.0% |
Summary: Decatur housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 40%.
Median Sold Price Compared To Nearby Cities
| Atlanta | $400K | $419.7K | +4.9% |
| Atlanta-Decatur | $357.4K | $349.6K | -2.2% |
| Decatur | $361.2K | $329.1K | -8.9% |
Housing Supply in Decatur, GA
How many homes are available in Decatur, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 924 | 1,075 | +16.3% |
Summary: The Decatur real estate market had 1,075 homes for sale in March 2024, a 16.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 28 | +21.7% |
| 2 Bedrooms | 108 | 116 | +7.4% |
| 3 Bedrooms | 488 | 568 | +16.4% |
| 4 Bedrooms | 215 | 272 | +26.5% |
| 5+ Bedrooms | 90 | 91 | +1.1% |
Summary: The Decatur housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 193 | 211 | +9.3% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 211 homes were sold or pending in Decatur in March 2024, up by 9.3% month-over-month. Of the 197 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 33 Days | -26.2% |
Summary: Homes in Decatur had an average of 33 days on market in Mar 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
131 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
22 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 March 2024, 211 homes were sold in Decatur; 62% of homes were sold within 30 days, 27% 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.