Decatur, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Decatur, IL is $95,000, down 7.1% year-over-year. Homes sell in an average of 40 days with 176 active listings. The market is currently a balanced market.
$95,000median sale price
Is Decatur a buyer's or seller's market?
Decatur, IL is currently a balanced market, based on 3.0 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
59
Last 12 weeks
Days on market
40
Average pace
Active listings
176
3.0 months supply
Sale-to-list
93.2%
Below asking
Decatur, IL market data
| Metric | Value |
|---|---|
| Median sale price | $95,000 |
| Median list price | $118,500 |
| Year-over-year price change | -7.1% |
| Average days on market | 40 days |
| Active inventory | 176 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 93.2% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Decatur housing market is currently classified as a balanced market with a median sale price of $95,000. Prices have fallen 7.1% compared to last year, with homes spending an average of 40 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Decatur
There are currently 176 homes listed for sale in Decatur, Illinois. The median listing price is $119K.
Active listings
176
Homes on market
Median list price
$119K
Avg. days on market
40
Days until sale
New this week
72
Newly listed
Top public schools in Decatur
20 schools tracked · 7,827 students
The largest public schools serving Decatur, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MacArthur High School
Grades 9-12 · 1,042 students
Eisenhower High School
Grades 9-12 · 936 students
Montessori Academy for Peace
Grades PK-8 · 639 students
Johns Hill Magnet School
Grades K-8 · 623 students
Dennis Lab School
Grades K-8 · 539 students
Hope Academy
Grades K-8 · 498 students
Parsons Elementary School
Grades K-6 · 488 students
Franklin Grove Elem School
Grades K-6 · 474 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Decatur?
The median home sale price in Decatur is $95,000, down 7.1% from last year.
How long do homes stay on market in Decatur?
Homes typically spend 40 days on market before going under contract.
Is Decatur a buyer's or seller's market?
With 3.0 months of supply, Decatur is currently a balanced market.
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