Decatur, AL Home Values & Market Trends

Real estate market trends reflect that there have been 1,082 transactions over the past year in Decatur. The median value for residential home transactions that occurred over the previous year is $217,182.99. The number of current listings in Decatur is 115, and the percentage of properties for sale in the city is 115.00%. Decatur, AL currently has 12 properties in foreclosure, 2 bank owned properties, 10 properties headed for auction, and 115 properties for sale.

Decatur, AL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
35603

$ 340,586

$ 148/sqft

35601

$ 239,900

$ 125/sqft

Housing Market Summary for Decatur, AL

Apr 2023March 2024Change
Median Listing Price$325K$203.5K-37.40%
Median Sold Price$199K$203.5K2.26%
Homes For Sale11111909.09%
Homes Sold536483-9.89%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Decatur, AL

Decatur home values range from $19,430 to $9,704,012. The median estimated value of a home in Decatur is $217,182.99. The median list price of a home is 314,000, and the total count of properties in the city is 22,062.

Foreclosure
There are 2 zips within Decatur, AL; within these zips, the median estimated home value for homes in foreclosure ranges from $315,533 in 35601 to the lowest value of $49,239 in 35601. Foreclosure homes account for 0.00% of properties in Decatur, AL with 35601 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Decatur, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Decatur, AL; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Decatur, AL ranges from the highest value of $161,827 in 35603 to the lowest value of $85,780 in 35603. Bank owned homes and properties account for 0.01% of properties in Decatur, AL. There are 2 zips within Decatur, AL; 35603 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    35601 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Decatur, AL. Auction homes and other auction properties account for 0.05% of all properties in Decatur, AL. There are 2 zips within Decatur, AL; of those zips, the median estimated home value for homes going to auction ranges from $224,844 in 35603 to the lowest value of $49,239 in 35603.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.52% of residential properties in Decatur, AL with 35603 containing 67 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Decatur, AL; homes for sale in those zips, have a range of median values from $559,000 in 35601 to the lowest value of $98,682 in 35603.
    Sold Homes
    The median value for recently sold homes ranges from $1,194,840 in 35603 to the lowest price of $25,860 in 35603. There are 2 zips within Decatur, AL. 35601 has 278 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.42% of properties in Decatur, AL.

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      Guide for Decatur, AL

      Market Reports
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
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      Birmingham, Alabama – Real Estate Market Snapshot March 2024
      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      See More Articles
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Market Reports|posted 17 April 2024

      Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.

      Birmingham, Alabama – Real Estate Market Snapshot March 2024
      Market Reports|posted 20 March 2024

      Birmingham, Alabama’s real estate market is showing a positive growth trend, with increasing average property values from March 2023 to February 2024.

      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Tools|posted 5 June 2021

      Last month we asked if it was possible that eviction moratoriums from the federal government were illegal. “If you’re a real estate investor with rental properties you depend on monthly rental payments to cover the mortgage, taxes, repairs, and other costs. But what happens if the government says, nope, you can’t evict tenants who don’t […]

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Recently Listed Homes Decatur, AL

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