Is Decatur, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Decatur was a Seller's Market.
Housing Prices in Decatur, TN
How much do homes in Decatur, TN cost?
Median Sold Price
$283,750
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Decatur was $283,750 in May 2024, up 20.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | - | N/A |
2 Bedrooms | $125K | $220.5K | +76.4% |
3 Bedrooms | $276.2K | $305K | +10.4% |
4 Bedrooms | $220K | $360K | +63.6% |
5+ Bedrooms | $499K | - | N/A |
Summary: Decatur housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 63.6%, 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 45 | +28.6% |
Summary: The Decatur real estate market had 45 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 23 | 31 | +34.8% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Decatur housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Decatur in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 45 Days | -29.2% |
Summary: Homes in Decatur had an average of 45 days on market in May 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Decatur; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.