Decatur Real Estate Market Report

Q1 2019 (January – March) | Decatur, GA 30030

How's the real estate market in City of Decatur GA? Get the Urban Nest Atlanta report!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.

Infographic with real estate market statistics for Decatur GA 30030

 

Overview of 30030 Real Estate Market

Home Sales

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!

See what your home is worth in Decatur, Georgia 30030

Or call us at 404-205-8800 if you have questions about the current real estate market.

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Just Listed Homes for Sale in Decatur, GA 30030 

 

Recently Sold Homes in 30030

1/1/2019-3/31/2019 || Single Family Home Sales

ADDRESS NEIGHBORHOOD BEDS BATHS SOLD
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
405 Sycamore Dr Decatur 6 4.5 $1,000,000
216 Pharr Rd Winnona Park 5 3.5 $889,000
527 Sycamore Dr Decatur Heights 5 4 $883,000
264 Cambridge Ave Oakhurst 5 4 $863,750
113 Kathryn Ave Chelsea Heights 4 3.5 $756,000
125 Madison Ave Oakhurst 4 2 $725,000
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
374 Parkwood Rd Parkwood 3 2 $529,000
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
312 4th Ave Oakhurst 3 2 $430,000
118 4th Ave Oakhurst 2 2 $425,000
123 Dogwood Way Westchester Hills 3 1 $410,000
620 S McDonough St Brooks W I Prop 3 1 $399,999
129 Mcclean St Oakhurst 3 1 $382,000
128 Jefferson Pl Oakhurst 3 1.5 $375,000
624 Third Ave Oakhurst 2 1 $370,000
450 Chevelle Ln Dearborn Park 2 2.5 $358,001
423 Chevelle Ln Winnona Park 5 3 $351,000
1022 Candler Dearborn Park 3 1 $335,000
319 Greenwood Ave Oakhurst 2 1 $312,000
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.

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