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 April 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

$341,500

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$21,500(+6.7%)

Key Takeaway

Homes in Athens have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Athens was $341,500 in April 2024, up 6.7% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $250K$172K
-31.2%
2 $227.9K$235.2K
+3.2%
3 $301.7K$320K
+6.0%
4 $379.3K$400K
+5.5%
5+ $525K$528K
+0.6%

Summary: Athens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.2%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Bogart
+15.3%
Athens
+6.7%
Winterville
+1.9%
Elder
-40.4%

Housing Supply in Athens, GA

How many homes are available in Athens, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
686711+3.6%

Summary: The Athens real estate market had 711 homes for sale in April 2024, a 3.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 149
-35.7%
2 124120
-3.2%
3 243237
-2.5%
4 218238
+9.2%
5+ 87107
+23.0%

Summary: The Athens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 35.7%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 23%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
183189+3.3%

Asking Price vs. Sold Price

98 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

40 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. 53.8% of homes here sold below asking price last month.

Summary: A total of 189 homes were sold or pending in Athens in April 2024, up by 3.3% month-over-month. Of the 182 sold homes, 54% were sold under asking, 24% 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

Apr 2023Apr 2024CHANGE
35 Days30 Days-12.9%

Summary: Homes in Athens had an average of 30 days on market in Apr 2024, down by 12.9% compared to last year.

Breakdown of Home Sale Times

129 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

19 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 April 2024, 189 homes were sold in Athens; 68% of homes were sold within 30 days, 22% 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 9 Days Ago

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