Is Decatur County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Decatur County is a seller's market

Buyer's
Market

Difference Since May 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, 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

+$15,100(+8.0%)

Key Takeaway

Homes in Decatur County have sold for 8% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $96K$100K
+4.2%
2 $129.5K$150K
+15.8%
3 $194.9K$205.9K
+5.7%
4 $240K$319.9K
+33.3%
5+ $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
+9.8%
Decatur County
+8.0%
Bartholomew County
+3.5%
Ripley County
-2.2%
Rush County
-8.1%

Housing Supply in Decatur County, IN

How many homes are available in Decatur County, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9779-18.6%

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

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 2114
-33.3%
3 5440
-25.9%
4 1820
+11.1%
5+ 33
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 2024May 2024CHANGE
3629-19.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Decatur County, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

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 2023May 2024CHANGE
52 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

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