$60,000
5.00 Acres
Land
Listing Office: East Tennessee Properties, LLC
Is Decatur, TN 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Decatur, TN
How much do homes in Decatur, TN cost?
Median Sold Price
$275,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.9%)
Key Takeaway
Homes in Decatur have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Decatur was $275,000 in October 2024, up 0.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $190K | +2.7% |
| 2 Bedrooms | $181.9K | $225K | +23.7% |
| 3 Bedrooms | $295K | $300K | +1.7% |
| 4 Bedrooms | $317.5K | $399.9K | +26.0% |
| 5+ Bedrooms | - | $171K | N/A |
Summary: Decatur housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 26%, and 5+ bedroom homes did not change.
Housing Supply in Decatur, TN
How many homes are available in Decatur, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The Decatur real estate market had 45 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
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 decreased by 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Decatur in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Decatur, TN
How long does it take to sell a home in Decatur, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 27 Days | -19.6% |
Summary: Homes in Decatur had an average of 27 days on market in Oct 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 October 2024, 3 homes were sold in Decatur; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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