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 May 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

$283,750

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$48,750(+20.7%)

Key Takeaway

Homes in Decatur have sold for 20.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $185K-
N/A
2 $125K$220.5K
+76.4%
3 $276.2K$305K
+10.4%
4 $220K$360K
+63.6%
5+ $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 2024May 2024CHANGE
3545+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

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 42
-50.0%
3 2331
+34.8%
4 810
+25.0%
5+ 01
+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 2024May 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 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 2023May 2024CHANGE
64 Days45 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Decatur has remained consistent over time.

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.

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

Report Updated 1 Day Ago

Newest Listings in Decatur, TN

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