Decatur 30032 Year to Date 9/30/2021 Real Estate Report Update
Kevin Polite, Solid Source Realty, Inc.
2021 has been another record-breaking year for real estate and that includes zip code 30032 in Decatur. The following report is a year-to-date update on how the market has performed from January 1 to September 30 comparing 2021 vs. 2020.
The highest priced home sold in 30032 so far this year was for $745,000. The price of the lowest home sold in 2021 in Decatur’s 30032 was $92,000. This is the only home sold that was under $100,000 so far this year.
Zillow is a good place to start to get an idea of what your home’s value is worth, but it’s best to call a Realtor like Kevin Polite, Solid Source Realty, Inc. to get a more accurate valuation. A Realtor will provide you with a Comparable Market Analysis, most commonly called a CMA. The Analysis will compare your home to those recently sold within, generally, a 1 mile radius, with the similar number of bedrooms, baths, square footage and amenities.
Increase in you Dekalb County Property Assessment?
Most likely you received an increase in your property taxes based this based on an increase in your home’s assessment. That is a totally different subject, but is still relevant in that the value of homes sold in 30032 compared year over year increased nearly 23% according to Georgia Multiple Listing Service. The Median price of a home sold in the 9 months of 2021 was $282,750 compared to $230,000 in 2020. The Average Price went up 24.8%% to $294,244 from $235,749.
The total number of properties sold decreased nearly 9%, but inventory continues to be a problem. The number of listings went down to 711 from 778. This is nearly half of what was available in 2019, which was 1,059. Of those homes 544 homes were sold in 2021 vs. 552 in 2020.
Houses do not take long to sell in Decatur 30032. Average Days on Market is at barely 23 days down 43.9% from 41 last year.
With interest low, homes are still somehow selling quite fast even through these times.
If you have questions on the value of your home please feel contact to contact Kevin Polite, Solid Source Realty, Inc. 678-435-9991 or Contact us for more information and availability