Is Decatur a buyer's or seller's market right now?

Decatur is currently a seller's market with 2.7 months of supply. 20.9% of homes sell above asking price, and 30.3% go pending within two weeks. The Ridley Sell Score for Decatur is 39/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Decatur?

The median home price in Decatur is $97,725, down 13.5% year-over-year. The median price per square foot is $74. Homes sell in a median of 47 days with a sale-to-list ratio of 93.2%.

How much does it cost to sell a home in Decatur, Illinois?

On a $97,725 home in Decatur, a traditional listing agent charges around $2,932 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $7,818 or more. With Ridley Essentials ($999) you save $1,933, and with Ridley Pro ($3,499) you save -$567 while getting full agent support.

How does Ridley's flat fee compare to a traditional Decatur agent?

A traditional Decatur listing agent typically charges 3% of the sale price — about $2,932 on a $97,725 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $1,933–-$567 compared to a traditional agent.

How long does it take to sell a home in Decatur?

The median home in Decatur currently spends 47 days on the market before going under contract. 30.3% of homes go pending within two weeks. At a 93.2% sale-to-list ratio, sellers are seeing some negotiation. Only 31.3% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Illinois?

No. Illinois does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $97,725 home, that could save you up to -$567.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Illinois. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $2,932 commission.

National/Illinois

Decatur, IL

Is Now a Good Time to Sell in Decatur, Illinois?

The median home in Decatur sells for $97,725 with prices down 13.5% year-over-year. The average seller pays $2,932 in commissions — Ridley’s flat fee saves you -$567.

Decatur Real Estate Market Conditions — March 2026

39out of 100

Ridley Sell Score

How it's scored →

Cooling

39/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Decatur market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors sellers

2.7 months of supply — below the 5-month balanced threshold — 7% below the Illinois average of 2.9.

Price MomentumFavors buyers

Prices down 13.5% year-over-year — vs. +8% statewide.

Seller LeverageFavors buyers

Homes selling at 93.2% of asking — buyers are negotiating 6.8% below list. Illinois average is 98.1%.

Bidding ActivityNeutral

20.9% of homes selling above list price — 15% below the Illinois average of 24.7%.

Sale SpeedFavors sellers

47 median days on market — 12 days faster than the Illinois average.

Market UrgencyNeutral

30.3% of listings go pending within 2 weeks — vs. 38.4% statewide.

Price StabilityFavors buyers

31.3% of listings have dropped their price — accurate initial pricing is critical. Illinois average is 18.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$97,725

-13.5%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$74

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

93.2%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

2.7

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

20.9%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

31.3%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

30.3%

Moderate pace

12-Month Price Trend

$102,250 → $97,725

▼4.4%

$140K$120K$100K

AprJunAugOctDecFebMar

Data updated March 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Decatur — delivered monthly.

Your savings

How much can you save selling your home in Decatur?

The average Decatur homeowner saves -$567 by selling with Ridley instead of paying the traditional 3% listing commission on a $97,725 home.

$0Estimated savings

That covers your moving costs — save -0.6% of your home value

Your Decatur home value

$97,725

$50,000$10M

Traditional Agent (3%)

$2,932

Ridley Pro (flat fee)

$3,499

Ready to sell in Decatur?

Get a personalized selling strategy with AI-powered pricing analysis

Get Your Selling Strategy

Cost comparison

How much does it cost to sell a house in Decatur?

The total cost to sell a house in Decatur in 2026 ranges from $999 with Ridley Essentials to approximately $2,932 with a traditional 3% commission on a $97,725 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$2,932	$3,499	$999	$0
Buyer agent	$2,7362.8% avg	$1,955~2% avg	$1,955~2% avg	$2,7362.8% avg
Closing costs (~1.5%)	$1,466	$1,466	$1,466	$1,466
Total cost	$7,134	$6,920	$4,420	$4,202
Net proceeds	$90,591	$90,805	$93,305	$93,523
You save	—	-$567	$1,933	$2,932No support