$15,000
0.25 Acres
Land
Jonathan Stowers, Listing Office: Epique Realty
Is Decatur, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$167,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,950(-9.7%)
Key Takeaway
Homes in Decatur have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Decatur was $167,000 in October 2024, down 9.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $72K | -44.6% |
| 2 Bedrooms | $100K | $147.2K | +47.3% |
| 3 Bedrooms | $237.5K | $167.2K | -29.6% |
| 4 Bedrooms | $320K | $220K | -31.3% |
| 5+ Bedrooms | $208.2K | - | N/A |
Summary: Decatur housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.6%, 2 bedroom homes increased by 47.3%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Decatur | $184.9K | $167K | -9.7% |
| Decatur Township | $195K | $167.2K | -14.2% |
Housing Supply in Decatur, MI
How many homes are available in Decatur, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Decatur real estate market had 20 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Decatur housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Decatur in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 33 Days | +106.8% |
Summary: Homes in Decatur had an average of 33 days on market in Oct 2024, up by 106.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Decatur are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Decatur; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
