$4,513 Closing Credit*
$380,000
2,518 SqFt
5 Beds
•3 Full Baths
Chanel James, Listing Office: Compass Georgia, LLC
Is Decatur, GA 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, GA
How much do homes in Decatur, GA cost?
Median Sold Price
$335,156
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,883(+3.0%)
Key Takeaway
Homes in Decatur have sold for 3% more than they did a year ago.
Summary: The median home sold price in Decatur was $335,156 in November 2024, up 3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $242K | +12.6% |
| 2 Bedrooms | $250K | $273K | +9.2% |
| 3 Bedrooms | $300K | $310.1K | +3.4% |
| 4 Bedrooms | $399.8K | $409.5K | +2.4% |
| 5+ Bedrooms | $466.5K | $539.1K | +15.6% |
Summary: Decatur housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Atlanta | $407.8K | $421.8K | +3.4% |
| Decatur | $325.2K | $335.1K | +3.0% |
| Atlanta-Decatur | $343.3K | $350K | +2.0% |
Housing Supply in Decatur, GA
How many homes are available in Decatur, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,236 | 1,297 | +4.9% |
Summary: The Decatur real estate market had 1,297 homes for sale in November 2024, a 4.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 18 | +20.0% |
| 2 Bedrooms | 170 | 174 | +2.4% |
| 3 Bedrooms | 607 | 649 | +6.9% |
| 4 Bedrooms | 321 | 342 | +6.5% |
| 5+ Bedrooms | 123 | 114 | -7.3% |
Summary: The Decatur housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 7.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 215 | 217 | +0.9% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 217 homes were sold or pending in Decatur in November 2024, up by 0.9% month-over-month. Of the 199 sold homes, 53% were sold under asking, 23% were sold at asking, and 24% were sold over asking.
Days on Market for Decatur, GA
How long does it take to sell a home in Decatur, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 45 Days | +41.5% |
Summary: Homes in Decatur had an average of 45 days on market in Nov 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
74 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Decatur are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 217 homes were sold in Decatur; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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