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 May 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

$329,958

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$8,780(-2.6%)

Key Takeaway

Homes in Decatur have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Decatur was $329,958 in May 2024, down 2.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $225K$215K
-4.4%
2 $263K$261.3K
-0.6%
3 $317.4K$305.7K
-3.7%
4 $405.3K$395.5K
-2.4%
5+ $705K$450K
-36.2%

Summary: Decatur housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 36.2%.

Median Sold Price Compared To Nearby Cities

Atlanta
+4.5%
Atlanta-Decatur
0%
Decatur
-2.6%

Housing Supply in Decatur, GA

How many homes are available in Decatur, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,1811,325+12.2%

Summary: The Decatur real estate market had 1,325 homes for sale in May 2024, a 12.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2622
-15.4%
2 130164
+26.2%
3 633678
+7.1%
4 305353
+15.7%
5+ 87108
+24.1%

Summary: The Decatur housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 24.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
293274-6.5%

Asking Price vs. Sold Price

107 Homes Were Sold
Under Asking

66 Homes Were Sold
At Asking

90 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Decatur, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 274 homes were sold or pending in Decatur in May 2024, down by 6.5% month-over-month. Of the 263 sold homes, 41% were sold under asking, 25% were sold at asking, and 34% 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

May 2023May 2024CHANGE
34 Days32 Days-6.5%

Summary: Homes in Decatur had an average of 32 days on market in May 2024, down by 6.5% compared to last year.

Breakdown of Home Sale Times

193 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

24 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.

Summary: During May 2024, 274 homes were sold in Decatur; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 22 Days Ago

Newest Listings in Decatur, GA

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