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 March 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

$340,091

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,091(+6.3%)

Key Takeaway

Homes in Athens have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Athens was $340,091 in March 2024, up 6.3% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $264K$172K
-34.8%
2 $234K$235.2K
0.5%
3 $303.3K$317.6K
+4.7%
4 $376.3K$399.9K
+6.3%
5+ $525K$561.5K
+7.0%

Summary: Athens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Bogart
+13.1%
Athens
+6.3%
Winterville
+4.6%
Elder
-42.1%

Housing Supply in Athens, GA

How many homes are available in Athens, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
646659+2.0%

Summary: The Athens real estate market had 659 homes for sale in March 2024, a 2.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1414
0.0%
2 124121
-2.4%
3 238231
-2.9%
4 196208
+6.1%
5+ 7485
+14.9%

Summary: The Athens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
156171+9.6%

Asking Price vs. Sold Price

85 Homes Were Sold
Under Asking

40 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. 52.8% of homes here sold below asking price last month.

Summary: A total of 171 homes were sold or pending in Athens in March 2024, up by 9.6% month-over-month. Of the 161 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% 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

Mar 2023Mar 2024CHANGE
33 Days37 Days+11.3%

Summary: Homes in Athens had an average of 37 days on market in Mar 2024, up by 11.3% compared to last year.

Breakdown of Home Sale Times

106 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

20 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 March 2024, 171 homes were sold in Athens; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% 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 17 Days Ago

Newest Listings in Athens, GA

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