Decatur Home Values

Closed sales in Decatur continue to price well above the broader Wise County market, based on MLS data for July 2026 closings in Decatur. The median sale landed near $222 per square foot, a premium of roughly 13% over the county's per-square-foot median — extending a gap that has been widening in recent months. The typical Decatur closing also moved about five days faster than the county average, and sellers recovered nearly 97 cents on the dollar, edging out the county figure. Notably, fewer than four in ten Decatur transactions carried concessions, well below the county's rate of nearly half — a gap that points to firmer footing for sellers inside city limits than across the county overall.

Pipeline activity in Decatur is thinning faster than the county backdrop suggests. Pending contracts dropped to just 31 against 312 active listings, a steeper pullback than the countywide pattern, even as new listings arriving over the past three months — 182 in all — continued to outnumber closed transactions, echoing a supply dynamic seen across Wise County. With roughly eight months of supply on hand versus the county's read of more than nine, Decatur's pipeline sits marginally tighter than its surrounding market, though neither geography shows contract activity keeping pace with fresh inventory.

The pace at which Decatur homes are moving to close accelerated in the most recent quarter, with the median days on market falling to the mid-40s — roughly 15% faster than the full trailing-year pace. Based on MLS data for June 2026 closings in Decatur, price per square foot settled around $208, and the typical sale closed at just over $427,000. Sellers recovered close to 97 cents on the dollar, a slight improvement over the annual average. Roughly four in ten transactions included concessions averaging around $9,100, and just over half of closings settled below list — a concession structure that has been consistent across recent quarters. Year-over-year, prices have risen nearly 7%.

The pipeline picture in Decatur tells a more measured story than the closing velocity alone suggests. With roughly nine months of supply in the active market and only 53 homes under contract against 323 available, the absorption rate remains well below the pace needed to tighten conditions. New listings — around 205 over the past three months — have continued to outpace pending activity, sustaining a buyer-favorable supply environment. Until pending volume shows a sustained uptick, the faster closing pace on completed sales may reflect selective demand rather than a broad market reacceleration.

At roughly $199 per square foot, Decatur closings in the most recent three-month window sit about 6% above the Wise County median — a price-per-square-foot premium that has held even as the figure dipped from around $209 over the full trailing year. Sellers recovered close to full asking, with the typical transaction closing near 97 cents on the dollar. Nearly half of all closings included seller concessions averaging around $9,000, and more than half of transactions settled under list. Based on MLS data for May 2026 closings in Decatur, the city continues to command a meaningful valuation step-up over surrounding Wise County.

At nearly 12 months of supply, Decatur's active pipeline reflects an inventory level well above balanced-market norms. New listings have been arriving at a pace that substantially outpaces contract activity — pending volume has fallen well below the rate needed to work down the available stock. That imbalance directionally sustains buyer positioning in near-term negotiations, with no immediate signals of supply tightening.