Decatur Housing Update: Prices Ease, Sales Pick Up to Start 2026
Decatur, IL – March 8, 2026 – Home prices remain affordable near $98K as sales rise and inventory builds heading into spring.
Home prices in Decatur, IL remain among the most affordable in the state as the spring market approaches, even as activity shows signs of picking up.
Top takeaways
- Median sale price around $98K in January, down year over year.
- 67 homes sold in January, up from 55 a year earlier.
- Roughly 259 homes on the market at the end of January.
- Average rent near $1,018, up year over year.
Market snapshot
According to Redfin, the median sale price in January 2026 was about $98,000, a 13.5% decline compared with January 2025. Homes averaged 47 days on market, longer than last year, suggesting buyers have slightly more room to negotiate.
Zillow’s Home Value Index shows a typical home value near $97,000 at year-end 2025, up 7.2% from a year earlier. Inventory stood at about 259 homes with 75 new listings in January, and the median list price was about $123,000. Roughly 27% of sales closed above list price late last year, while most sold below asking, pointing to a mixed but active market.
What’s for sale
Current listings range from entry-level homes under $75,000 to renovated properties above $200,000, along with vacant lots and small multifamily properties. Neighborhood price points vary widely, giving first-time buyers and investors multiple options as the spring season builds.
Rental demand remains steady. Zillow reports average rent around $1,018, up more than 10% year over year, which may continue to support investor interest in lower-priced single-family homes.
With sales volume rising year over year and inventory improving from tight conditions seen in prior cycles, the local market appears active but still relatively affordable compared with many Illinois metros.
Sources:
Are you seeing more listings or price reductions in your neighborhood this spring?