Market Intelligence Report — IL-500

Decatur, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-08
As of the latest 2026 data
Cooling

Median Listing

$150K
-4.4% YoY

Pending Ratio

0.33
-8.2% YoY

Active Inventory

211
+17.9% YoY

Median DOM

39 Days
+5.4% YoY

Primary Intelligence Tool — Sold Score™

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The Decatur market is currently characterized as Cooling, primarily driven by a pending ratio of 0.33, which indicates demand absorption is trailing supply. This is further evidenced by a substantial 8.2% year-over-year decline in the pending ratio, reflecting a softening demand environment.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.9%-1.2 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

99,300-0.6% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Decatur market right now.

Active listings have expanded by 17.9% over the past year, contributing to an increased supply side, while new listings experienced an 8.3% contraction during the same period. Median listing prices have shown resilience with a 4.0% month-over-month increase but registered a 4.4% decline year-over-year. Concurrently, median days on market increased by 5.4% annually, suggesting a slower absorption pace. The share of price-reduced listings rose by 3.0% over the past year, indicating adjustments in pricing strategies.

Historical Analysis

Market Trends

Median Price

$150K+4.0% MoM

Active Inventory

211+17.9% YoY

Days on Market

39+5.4% YoY

Sold Score™

39-8.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

39
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest that properties are taking longer to absorb, with median days on market rising and a notable share of price reductions. The expansion in active listings, coupled with a declining pending ratio, indicates that buyers may have increased opportunities for price discipline, influencing the pace of transactions. Pressure on pricing is evident as the market adjusts to evolving demand conditions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

211 active listings represent the current floor, with new supply arriving at roughly 132 per month.

Pricing Pressure
25.1%

of active listings carry a price reduction, +3.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -5.1% year-over-year.

Absorption
0.33

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Decatur, IL? Inventory is up 18% from last year.

Buyers have leverage in Decatur, IL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
33%
Median Days on Market
39 days
Inventory YoY
+18%

In a buyer's market, strategy beats timing. See how your home scores in Decatur, IL and what moves the number.

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Metro Demographics

Metro Area
Decatur, IL
CBSA Code
19500
State
IL