Decatur Home Prices & Values

$397,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 15.4% 1-year change
  • 4.9% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Decatur is $397,400. Decatur home values have gone up 15.4% over the past year and Zillow predicts they will rise 4.9% within the next year. The median list price per square foot in Decatur is $233, which is higher than the Atlanta Metro average of $90. The median price of homes currently listed in Decatur is $375,000 while the median price of homes that sold is $295,750.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Decatur is 2.3%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Decatur homeowners underwater on their mortgage is 11.2%, which is lower than Atlanta Metro at 35.0%.

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Relative ZHVI
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Decatur Market Overview

Data through Feb 28, 2014
  • $397,400 ZHVI
  • 4.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $375,000 Median listing price
  • $295,750 Median sale price
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Decatur Market Health

Data through Feb 28, 2014
  • 8.9/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Druid Hills $471,700 North Druid Hills $295,000 Avondale Estates $257,500
North Decatur $233,100 Scottdale $114,600 Clarkston $92,700
Gresham Park $84,000 Candler-Mcafee $57,700 Belvedere Park $56,000

Listings & Sales

Data through Feb 28, 2014
  • $233 Median list price / sq ft
  • $192 Median sale price / sq ft
  • 22.6% Listings with price cut
20.7%
Sold below listing
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Decatur Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,626 Decatur
$1,188 Atlanta Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $1.06 Rent list price / sq ft
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