Decatur Real Estate Market Report
Q1 2019 (January – March) | Decatur, GA 30030
It’s time again for the City of Decatur Real Estate Market Report! For the last 7+ years, the City of Decatur market has been one of the strongest and most sought-after in Metro Atlanta. A big part of this is the top-ranked Decatur City schools, the charming Downtown Decatur area, as well as all the historic homes, annual events, and some really nice people!
We’ve been reporting on 30030 home values for more and a decade and this is one of the most interesting market shifts we’ve had an opportunity to analyze. It could be a sign of things to come or just a slight hiccup. Regardless, if you are thinking of selling your Decatur home in the next year, we highly recommend that you read the full City of Decatur 30030 Real Estate Market Report below. If you have questions along the way, we’re here! Contact us anytime.
Overview of 30030 Real Estate Market
37 homes sold in the 1st quarter of 2019. That’s down by about 10% from the same time last year.
Home Prices in 30030
The average single-family home price was $618,563. That’s a 7% decline from the same time last year when the average sales price was $665,794. That may sound like a dramatic decline, but when you only have a small number of home sales the percentages can fluctuate dramatically. It is the first time we’ve seen a drop in quite some time, so be sure to check back for our Spring market update and hopefully, we’ll see the numbers bounce back.
How Fast are Homes Selling?
Single-family homes in the City of Decatur sold in an average of 74 days – an extreme increase from the same time last year when the average was 33. The median # of days on the market was 69 days (vs only 14 last year)and that’s probably a more accurate reflection of the current market.
** 27% of the homes sold in the first two weeks.
SELLER TIP: If you are thinking of putting your home on the market, make sure you have the latest real estate stats and price your home at or slightly below fair market value. Not only will you be able to sell your home faster, but there is also a very good chance that it will sell between 98% and 103% of the asking price.
Are Decatur Sellers STILL Getting Top Dollar?
The list price to sales price percentage is 95% so buyers are negotiating quite a bit more off of the sales price (5.0% on average). 27% of the Decatur homes sold at 100% or more of the asking price.
Most of the homes that sold for the full asking price also sold in the first week they were listed. It is more important than ever to price your home at the fair market value.
Keep scrolling to see the latest homes for sale as well as recently sold homes in the City of Decatur!
Or call us at 404-205-8800 if you have questions about the current real estate market.
Just Listed Homes for Sale in Decatur, GA 30030
Recently Sold Homes in 30030
1/1/2019-3/31/2019 || Single Family Home Sales
|315||Huron St||Great Lakes||6||5.5||$1,420,860|
|130||Hilldale Dr||Winnona Park||6||5||$1,250,000|
|106||Champlain St||Great Lakes||6||5||$1,136,500|
|1205||Oldfield Rd||City Of Decatur||6||5||$1,134,200|
|216||Pharr Rd||Winnona Park||5||3.5||$889,000|
|527||Sycamore Dr||Decatur Heights||5||4||$883,000|
|113||Kathryn Ave||Chelsea Heights||4||3.5||$756,000|
|104||Fairview St||City of Decatur||4||3||$715,000|
|201||Nelson Ferry Rd||Ponce de Leon Heights||3||2.5||$650,000|
|329||Kirk Rd||Winnona Park||4||3||$640,000|
|626||Clairemont Ave||Clairemont Estates||3||2.5||$624,550|
|414||Lockwood Terr||Sycamore Ridge||3||2.5||$600,000|
|225||Mountain View St||City of Decatur||2||2||$589,460|
|229||Westchester Dr||Westchester Hills||3||2.5||$585,000|
|456||Nelson Ferry Rd||Decatur Square||4||2||$559,000|
|6||Wilburn Ct||Sycamore Ridge||3||2.5||$524,500|
|406||Scott Blvd||Chelsea Heights||4||3||$505,000|
|152||Ponce De Leon Ct||City of Decatur||3||1||$480,000|
|247||Chelsea Drive||Chelsea Heights||3||2||$475,000|
|313||Winnona Dr||Winnona Park||3||1.5||$475,000|
|703||Avery st||Winnona Park||3||1||$450,000|
|123||Dogwood Way||Westchester Hills||3||1||$410,000|
|620||S McDonough St||Brooks W I Prop||3||1||$399,999|
|450||Chevelle Ln||Dearborn Park||2||2.5||$358,001|
|423||Chevelle Ln||Winnona Park||5||3||$351,000|
|722||Hillmont Ave||Decatur Terrace||3||3||$279,000|
Please note that the City of Decatur real estate data was extracted from the Atlanta FMLS on 5/13/2019 and interpreted by Kerry Lucasse with the Urban Nest Real Estate Group at EXP Realty. Information is deemed reliable but not guaranteed and subject to change. If you would like a complete copy of the most recent home sales in Decatur, GA 30030 – including photos and listing details – please leave a message for Kerry at 404-205-8800 and she would be happy to email you a copy of the report.