Is Athens, GA 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 June 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, GA

How much do homes in Athens, GA cost?

Median Sold Price

$347,583

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$27,583(+8.6%)

Key Takeaway

Homes in Athens have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Athens was $347,583 in June 2024, up 8.6% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $255K$235K
-7.8%
2 $225K$240.1K
+6.8%
3 $307.1K$327.5K
+6.6%
4 $377K$403.2K
+7.0%
5+ $521.5K$566K
+8.5%

Summary: Athens housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8.5%.

Median Sold Price Compared To Nearby Cities

Athens
+8.6%
Bogart
+8.0%
Winterville
+1.9%

Housing Supply in Athens, GA

How many homes are available in Athens, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
759719-5.3%

Summary: The Athens real estate market had 719 homes for sale in June 2024, a 5.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1613
-18.8%
2 136129
-5.1%
3 283254
-10.2%
4 231229
-0.9%
5+ 9394
+1.1%

Summary: The Athens housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 1.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
238176-26.1%

Asking Price vs. Sold Price

94 Homes Were Sold
Under Asking

43 Homes Were Sold
At Asking

36 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. 54.3% of homes here sold below asking price last month.

Summary: A total of 176 homes were sold or pending in Athens in June 2024, down by 26.1% month-over-month. Of the 173 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for Athens, GA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
25 Days28 Days+11.1%

Summary: Homes in Athens had an average of 28 days on market in Jun 2024, up by 11.1% compared to last year.

Breakdown of Home Sale Times

117 Homes Were Sold
Under 30 Days

47 Homes Were Sold
In 30 - 90 Days

12 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 June 2024, 176 homes were sold in Athens; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% 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 26 Days Ago

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