Decatur, AL Home Values & Market Trends

Real estate market trends reflect that there have been 1,019 transactions over the past year in Decatur. The median value for residential home transactions that occurred over the previous year is $219,244.08. The number of current listings in Decatur is 118, and the percentage of properties for sale in the city is 118.00%. Decatur, AL currently has 10 properties in foreclosure, 1 bank owned properties, 9 properties headed for auction, and 118 properties for sale.

Decatur, AL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
35603

$ 353,450

$ 149/sqft

35601

$ 243,656

$ 125/sqft

Housing Market Summary for Decatur, AL

Mar 2023February 2024Change
Median Listing Price$290K$202.2K-30.27%
Median Sold Price$195K$202.2K3.71%
Homes For Sale16117631.25%
Homes Sold568528-7.04%
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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 $19,634 to $9,746,038. The median estimated value of a home in Decatur is $219,244.08. The median list price of a home is 299,900, and the total count of properties in the city is 21,914.

Foreclosure
There are 2 zips within Decatur, AL; within these zips, the median estimated home value for homes in foreclosure ranges from $283,180 in 35601 to the lowest value of $106,531 in 35601. Foreclosure homes account for 0.00% of properties in Decatur, AL with 35601 containing 7 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 $121,000 in 35601 to the lowest value of $121,000 in 35601. Bank owned homes and properties account for 0.00% of properties in Decatur, AL. There are 2 zips within Decatur, AL; 35601 containing 1 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 0.04% 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 $226,630 in 35603 to the lowest value of $106,531 in 35603.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.54% of residential properties in Decatur, AL with 35603 containing 64 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 $1,500,868 in 35603 to the lowest value of $45,740 in 35601.
    Sold Homes
    The median value for recently sold homes ranges from $1,196,040 in 35603 to the lowest price of $25,883 in 35603. There are 2 zips within Decatur, AL. 35601 has 265 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.24% of properties in Decatur, AL.

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      Guide for Decatur, AL

      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Wholesale
      What Is a Zombie Property?
      Market Reports
      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports
      Honolulu’s Real Estate Trend – Report of 2023-2024
      See More Articles
      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 […]

      What Is a Zombie Property?
      Wholesale|posted 14 March 2024

      Learn what a Zombie property is and how to avoid your home becoming one.

      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports|posted 14 March 2024

      This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.

      Honolulu’s Real Estate Trend – Report of 2023-2024
      Market Reports|posted 14 March 2024

      Honolulu’s real estate market exhibits a mix of stability and fluctuation in property values, with trends varying across nearby cities. Factors influencing these trends include property sizes, local demand dynamics, economic conditions, and global events. Investors and homebuyers need a comprehensive understanding of these conditions for well-informed decisions.

      Recently Listed Homes Decatur, AL

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