Is Decatur, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Decatur is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Decatur, GA cost?

Median Sold Price

$600,350

$321/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$60,350(+11.2%)

Key Takeaway

Homes in Decatur have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $215K$245K
+14.0%
2 $317.6K$380K
+19.6%
3 $530K$580K
+9.4%
4 $737K$790.7K
+7.3%
5+ $977.5K$1.2M
+22.8%

Median Sold Price Compared To Nearby Cities

Atlanta-Decatur
+13.0%
Atlanta
+11.5%
Decatur
+11.2%

How many homes are available in Decatur, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
121120-0.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 43
-25.0%
2 2529
+16.0%
3 4344
+2.3%
4 2220
-9.1%
5+ 2724
-11.1%

Number of Homes Sold

Jul 2022Aug 2022%
3430-11.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Decatur, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
11 Days11 Days-1.5%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Decatur are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Decatur, GA

Homes for sale in Decatur, GA have reached 120. Between July 2022 and August 2022, Decatur, GA real estate market has seen decrease in the number of listings by 0.8%. While the average time on the market in August 2022 was 11 days, the median list price was $600,350. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 14%, prices of 2 bedrooms properties increased by 19.6%, 3 bedrooms properties became 9.4% more expensive, 4 bedrooms properties became 7.3% more expensive, prices of 5 bedrooms properties went up by 22.8%. Volume of homes for sale changed: 1 bedroom homes became 25% less available, 2 bedrooms homes inventory increased by 16%, volume of 3 bedrooms homes went up by 2.3%, 4 bedrooms homes became 9.1% less available, the quantity of 5 bedrooms homes went down by 11.1%. Decatur, GA housing market in August 2022 saw over 11 listings sold above listed price, more than 10 sold at listed price and over 7 sold below.

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