Is Decatur, IN 46733 a buyer’s or seller’s market?
Decatur is a seller’s market. With about 1.2 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 75% of U.S. ZIP codes, and #38 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Decatur housing market right now
In the three months ending August 31, 2026, 30% of homes in Decatur, IN 46733 sold above their list price, the typical home went under contract in 17 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 48 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 19%, homes sold faster (20 days then) and the median sale price rose 6% to $219,905. Overall, Decatur is more competitive than a year ago, so tougher for buyers.
On our competition score, Decatur ranks #38 of 306 IN ZIP codes with enough sales (score 71 out of 100).
Nearby, buyers who want less competition could look at Monroe 46772 (0% sold over asking) or Geneva 46740 (0% sold over asking).
Run the numbers for 46733
Nearby markets
Berne 46711Seller’s market $116 /sq ftGeneva 46740Seller’s market $125 /sq ftMonroe 46772Seller’s market $130 /sq ft Browse all markets →Towns like Decatur nearby
Find towns like Decatur in other states →Where Decatur is
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Questions about Decatur real estate
Is Decatur a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Decatur, IN 46733 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Decatur?
The typical home went under contract in 17 days in the latest three months.
Do homes in Decatur sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in Decatur?
About 0.77% of a home’s value a year in Adams County, or roughly $3,080 on a $400,000 home.
What is the median home price in Decatur?
The median sale price was $219,905 in the three months ending August 31, 2026, about $133 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology