Is Decatur, IN 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 Last Month

Since last month, 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, IN

How much do homes in Decatur, IN cost?

Median Sold Price

$151,000

$104/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$13,500(-8.2%)

Key Takeaway

Homes in Decatur have sold for 8.2% less than they did a month ago.

Summary: The median home sold price in Decatur was $151,000 in November 2024, down 8.2% from last month, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$130K
N/A
2 $145K$147K
+1.4%
3 $174.9K$207.5K
+18.6%
4 $164.5K-
N/A
5+ $295K-
N/A

Summary: Decatur housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 18.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Root Township
+30.5%
Washington Township
+4.4%
Decatur
-8.2%

Housing Supply in Decatur, IN

How many homes are available in Decatur, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3841+7.9%

Summary: The Decatur real estate market had 41 homes for sale in November 2024, a 7.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1010
0.0%
3 2126
+23.8%
4 43
-25.0%
5+ 20
-100.0%

Summary: The Decatur housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Decatur in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Decatur, IN

How long does it take to sell a home in Decatur, IN?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Decatur has remained consistent over time.

Summary: During November 2024, 12 homes were sold in Decatur; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Decatur, IN

Nearby Markets to Decatur, IN