$2,968 Closing Credit*
$249,900
1,272 SqFt
2 Beds
•1 Full Bath
Jason Querfurth, Listing Office: American Homes Real Estate
Is Decatur, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Decatur has remained a Seller's Market.
Key Takeaway
Decatur is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Decatur, MI
How much do homes in Decatur, MI cost?
Median Sold Price
$170,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,500(+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 $170,000 in November 2024, up 2.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $72K | -44.6% |
| 2 Bedrooms | $107.5K | $162.5K | +51.2% |
| 3 Bedrooms | $200K | $168.7K | -15.6% |
| 4 Bedrooms | $182.5K | $445K | +143.8% |
| 5+ Bedrooms | $208.2K | - | N/A |
Summary: Decatur housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.6%, 2 bedroom homes increased by 51.2%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 143.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Decatur | $166.5K | $170K | +2.1% |
| Decatur Township | $174.9K | $172.5K | -1.4% |
Housing Supply in Decatur, MI
How many homes are available in Decatur, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Decatur real estate market had 16 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Decatur housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 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, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Decatur in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Decatur, MI
How long does it take to sell a home in Decatur, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 65 Days | +154.5% |
Summary: Homes in Decatur had an average of 65 days on market in Nov 2024, up by 154.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Decatur are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Decatur; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
