Is Decatur, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Decatur is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $185K$190K
+2.7%
2 $181.9K$225K
+23.7%
3 $295K$300K
+1.7%
4 $317.5K$399.9K
+26.0%
5+ -$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 2024Oct 2024CHANGE
4645-2.2%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 2628
+7.7%
4 87
-12.5%
5+ 44
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 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
34 Days27 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Decatur, TN

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