Is Decatur County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Decatur County has remained a Seller's Market.
Key Takeaway
Decatur County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Decatur County, TN
How much do homes in Decatur County, TN cost?
Median Sold Price
$205,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Decatur County have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Decatur County was $205,000 in April 2024, up 11.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | - | N/A |
| 2 Bedrooms | $120K | $155K | +29.2% |
| 3 Bedrooms | $180K | $200K | +11.1% |
| 4 Bedrooms | $287.7K | $379.3K | +31.8% |
| 5+ Bedrooms | $180K | $480K | +166.7% |
Summary: Decatur County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 166.7%.
Median Sold Price Compared To Nearby Counties
| Decatur County | $184K | $205K | +11.4% |
| Perry County | $200K | $220K | +10.0% |
| Wayne County | $200K | $194K | -3.0% |
| Hardin County | $267.5K | $237.7K | -11.1% |
Housing Supply in Decatur County, TN
How many homes are available in Decatur County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 46 | -8.0% |
Summary: The Decatur County real estate market had 46 homes for sale in April 2024, a 8.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Decatur County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Decatur County in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Decatur County, TN
How long does it take to sell a home in Decatur County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 73 Days | 55 Days | -24.3% |
Summary: Homes in Decatur County had an average of 55 days on market in Apr 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Decatur County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Decatur County; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.