$1,899 Closing Credit*
$159,900
1,309 SqFt
2 Beds
•2 Full Baths
Listing Office: Alabama First Choice Realty
Is Decatur, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$248,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,012(+1.2%)
Key Takeaway
Homes in Decatur have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Decatur was $248,000 in October 2024, up 1.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $114K | +38.2% |
| 2 Bedrooms | $155K | $170K | +9.7% |
| 3 Bedrooms | $235.5K | $230.1K | -2.3% |
| 4 Bedrooms | $325K | $353.6K | +8.8% |
| 5+ Bedrooms | $414.5K | $396.4K | -4.3% |
Summary: Decatur housing prices by bedroom type for October 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 2.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Trinity | $250K | $274.9K | +10.0% |
| Priceville | $315K | $327.5K | +4.0% |
| Madison | $373.1K | $385.4K | +3.3% |
| Decatur | $244.9K | $248K | +1.2% |
Housing Supply in Decatur, AL
How many homes are available in Decatur, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 326 | 352 | +8.0% |
Summary: The Decatur real estate market had 352 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 161 | 170 | +5.6% |
| 4 Bedrooms | 99 | 110 | +11.1% |
| 5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The Decatur housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 58 | +31.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Decatur in October 2024, up by 31.8% month-over-month. Of the 58 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% were sold over asking.
Days on Market for Decatur, AL
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.