Is Athens, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Athens is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Athens has remained a Seller's Market.

Key Takeaway

Athens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Athens, TN

How much do homes in Athens, TN cost?

Median Sold Price

$255,500

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$1,475(+0.6%)

Key Takeaway

Homes in Athens have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Athens was $255,500 in May 2024, up 0.6% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $150K$37.5K
-75.0%
2 $152.5K$190K
+24.6%
3 $243.1K$259K
+6.5%
4 $297.3K$322.5K
+8.4%
5+ $304.5K$335.5K
+10.2%

Summary: Athens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 10.2%.

Housing Supply in Athens, TN

How many homes are available in Athens, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
125109-12.8%

Summary: The Athens real estate market had 109 homes for sale in May 2024, a 12.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2421
-12.5%
3 7054
-22.9%
4 2229
+31.8%
5+ 95
-44.4%

Summary: The Athens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes decreased by 44.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4223-45.2%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Athens, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Athens in May 2024, down by 45.2% month-over-month. Of the 23 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% were sold over asking.

Days on Market for Athens, TN

How long does it take to sell a home in Athens, TN?

Average Sale Time

May 2023May 2024CHANGE
25 Days34 Days+31.4%

Summary: Homes in Athens had an average of 34 days on market in May 2024, up by 31.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Athens are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in Athens; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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