According to the Morgan County Association of Realtors, March residential sales in the Decatur area (Morgan and Lawrence Counties) decreased 4.4% year-over-year (Y/Y) from 114 to 109 closed transactions. Sales increased 32.9% from February. Two more resources to review: Quarterly Report and Annual Report.
For all of Morgan County’s housing data, click here.
Inventory: Total homes listed for sale in March increased 72.3% year-over-year from 307 to 529 listings. Months of supply rose from 2.7 in March 2024 to 4.9 in March 2025, reflecting a market where sellers generally have elevated bargaining power.
Pricing: The area’s median sales price in March was $255,000, an increase of 4.9% from one year ago and an increase of 3.5% from February. The differing sample size (number of residential sales of comparative months) can contribute to statistical volatility, including pricing. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood.
Homes sold in March averaged 56 days on the market (DOM), 7 days slower than March 2024.
Forecast: March sales were 29 units, or 20.9%, below the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 138 sales for the month, while actual sales were 109 units.
New Construction: The 12 new homes sold represent 11.0% of all residential sales in the Decatur area in March. Total sales decreased 29.4% year-over-year. The median sales price in March was $287,781, an increase of 15.1% from February and a decrease of 9.7% from one year ago.
Click here to view the entire monthly report.
The Morgan County (Decatur) Residential Monthly Report is developed in conjunction with the Morgan County Association of Realtors to better serve area consumers.
