Is Decatur County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Decatur County has remained a Seller's Market.
Housing Prices in Decatur County, IN
How much do homes in Decatur County, IN cost?
Median Sold Price
$205,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Decatur County was $205,000 in May 2024, up 8% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $100K | +4.2% |
2 Bedrooms | $129.5K | $150K | +15.8% |
3 Bedrooms | $194.9K | $205.9K | +5.7% |
4 Bedrooms | $240K | $319.9K | +33.3% |
5+ Bedrooms | $412.4K | $325K | -21.2% |
Summary: Decatur County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Counties
Shelby County | $205K | $225K | +9.8% |
Decatur County | $189.9K | $205K | +8.0% |
Bartholomew County | $249.9K | $258.7K | +3.5% |
Ripley County | $296.4K | $290K | -2.2% |
Rush County | $160K | $147K | -8.1% |
Housing Supply in Decatur County, IN
How many homes are available in Decatur County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 79 | -18.6% |
Summary: The Decatur County real estate market had 79 homes for sale in May 2024, a 18.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 21 | 14 | -33.3% |
3 Bedrooms | 54 | 40 | -25.9% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Decatur County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 29 | -19.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Decatur County in May 2024, down by 19.4% month-over-month. Of the 29 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Decatur County, IN
How long does it take to sell a home in Decatur County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 18 Days | -64.5% |
Summary: Homes in Decatur County had an average of 18 days on market in May 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Decatur County; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.