Decatur, Illinois, often called the "Soybean Capital of the World," is a vibrant city in Central Illinois with a rich industrial and agricultural heritage. Located along the Sangamon River and home to Lake Decatur, the city offers a blend of small-town charm and urban amenities. Decatur is known for its strong ties to agribusiness, hosting major companies like Archer Daniels Midland (ADM), alongside a diverse economy that includes manufacturing and healthcare. The city boasts cultural attractions like the Scovill Zoo, the Historic Decatur Theatre, and numerous parks, while its community spirit shines through in events like the annual Farm Progress Show. With a population of around 70,000, Decatur combines affordability, a strong sense of community, and a central location, making it a notable hub in the Midwest.
Decatur currently has 34 single family homes for sale with an average list price of $159,975. The average annual property tax for Decatur is $2,532.94.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Decatur, i.e. what's hot and what's not.
See What's Hot & What's Not in DecaturDecatur home sales for the month of June decreased in volume by 40% when compared to last year, while the median sale price rose by 70.2% from $94,000 to $160,000. House sales decreased by 40%, while the median sale price rose by 70.2% from $94,000 to $160,000.
51
|
56
|
54
|
50
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$110,000
|
$125,000
|
$86,250
|
$65,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |