Is Decatur, IL 62523 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Decatur is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Decatur housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Macon County, IL

Population	707
Median income	$13,393
Average income	$22,486
Median rent	$301/month
Owner-occupied	9% of homes
Median year built	1954

Natural hazard riskEarthquakes (moderate), extreme heat (moderate), tornadoes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 62523; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62523

Prefilled for 62523Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62523Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Argenta 62501Seller’s market $125 /sq ft Dalton City 61925 $122 /sq ft Decatur 62521Seller’s market $91 /sq ft Decatur 62522Seller’s market $75 /sq ft Browse all markets →

Where Decatur is

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Questions about Decatur real estate

What are property taxes in Decatur?

About 2.12% of a home’s value a year in Macon County, or roughly $8,480 on a $400,000 home.

Local agents

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More tools for 62523

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Macon County property taxes Macon County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology