According to the Morgan County Association of Realtors, May residential sales in the Decatur area (Morgan and Lawrence Counties) increased 4.9% year-over-year (Y/Y) from 143 to 150 closed transactions. Sales increased 19.1% from April. 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 May increased 60.0% year-over-year from 367 to 587 listings. Months of supply rose from 2.6 in May 2024 to 3.9 in May 2025, reflecting a market where sellers generally have elevated bargaining power.
Pricing: The area’s median sales price in May was $244,000, a decrease of 2.4% from one year ago and a decrease of 2.8% from April. 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 May averaged 49 days on the market (DOM), 4 days slower than May 2024.
Forecast: May sales were 6 units, or 4.5%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 144 sales for the month, while actual sales were 150 units.
New Construction: The 23 new homes sold represent 15.3% of all residential sales in the Decatur area in May. Total sales decreased 17.9% year-over-year. The median sales price in May was $230,930, a decrease of 15.3% from April and a decrease of 21.7% 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.
