Is Decatur County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Decatur County was a Seller's Market.
Key Takeaway
Decatur County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Decatur County, TN
How much do homes in Decatur County, TN cost?
Median Sold Price
$219,750
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Decatur County have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in Decatur County was $219,750 in May 2024, up 22.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | - | N/A |
| 2 Bedrooms | $138.5K | $181.5K | +31.0% |
| 3 Bedrooms | $179.9K | $215K | +19.5% |
| 4 Bedrooms | $218.6K | $476K | +117.7% |
| 5+ Bedrooms | $409K | $480K | +17.4% |
Summary: Decatur County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 117.7%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Counties
| Perry County | $180K | $237.5K | +31.9% |
| Decatur County | $180K | $219.7K | +22.1% |
| Hardin County | $265K | $239K | -9.8% |
| Wayne County | $212.5K | $180K | -15.3% |
Housing Supply in Decatur County, TN
How many homes are available in Decatur County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The Decatur County real estate market had 49 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 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 remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Decatur County in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 110 Days | +55.5% |
Summary: Homes in Decatur County had an average of 110 days on market in May 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Decatur County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 7 homes were sold in Decatur County; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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