$4,263 Closing Credit*
$359,000
2,641 SqFt
4 Beds
•3 Full Baths
Listing Office: Parker Real Estate Res.LLC
Is Decatur, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Decatur was a Seller's Market.
Key Takeaway
Decatur 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, AL
How much do homes in Decatur, AL cost?
Median Sold Price
$249,953
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,190(+2.1%)
Key Takeaway
Homes in Decatur have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Decatur was $249,953 in November 2024, up 2.1% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $114K | +38.2% |
| 2 Bedrooms | $155K | $170K | +9.7% |
| 3 Bedrooms | $235K | $232.6K | -1.0% |
| 4 Bedrooms | $331.5K | $350K | +5.6% |
| 5+ Bedrooms | $414.5K | $407.7K | -1.6% |
Summary: Decatur housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Priceville | $324.5K | $345K | +6.3% |
| Madison | $372.9K | $383.4K | +2.8% |
| Decatur | $244.7K | $249.9K | +2.1% |
| Trinity | $265K | $259.9K | -1.9% |
Housing Supply in Decatur, AL
How many homes are available in Decatur, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 336 | 331 | -1.5% |
Summary: The Decatur real estate market had 331 homes for sale in November 2024, a 1.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 38 | 37 | -2.6% |
| 3 Bedrooms | 166 | 160 | -3.6% |
| 4 Bedrooms | 104 | 108 | +3.8% |
| 5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The Decatur housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 55 | -9.8% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Decatur in November 2024, down by 9.8% month-over-month. Of the 55 sold homes, 62% were sold under asking, 24% were sold at asking, and 15% were sold over asking.
Days on Market for Decatur, AL
We’re sorry, we don't have information for this market at the moment
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