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 March 2023

At the same time last year, Athens was a Neutral 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

$259,920

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,920(+4.0%)

Key Takeaway

Homes in Athens have sold for 4% more than they did a year ago.

Summary: The median home sold price in Athens was $259,920 in March 2024, up 4% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $126K$37.5K
-70.2%
2 $153.2K$189.9K
+23.9%
3 $240K$259K
+7.9%
4 $317.5K$300K
-5.5%
5+ $319K$312.6K
-2.0%

Summary: Athens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.2%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 2%.

Housing Supply in Athens, TN

How many homes are available in Athens, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
105110+4.8%

Summary: The Athens real estate market had 110 homes for sale in March 2024, a 4.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 1013
+30.0%
3 6367
+6.3%
4 2322
-4.3%
5+ 78
+14.3%

Summary: The Athens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1621+31.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 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. 38.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Athens in March 2024, up by 31.3% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% 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

Mar 2023Mar 2024CHANGE
40 Days43 Days+6.8%

Summary: Homes in Athens had an average of 43 days on market in Mar 2024, up by 6.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 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, 21 homes were sold in Athens; 48% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% 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

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