Is Athens, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Athens has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $37.5K | -75.0% |
2 Bedrooms | $152.5K | $190K | +24.6% |
3 Bedrooms | $243.1K | $259K | +6.5% |
4 Bedrooms | $297.3K | $322.5K | +8.4% |
5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
---|---|---|
125 | 109 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 21 | -12.5% |
3 Bedrooms | 70 | 54 | -22.9% |
4 Bedrooms | 22 | 29 | +31.8% |
5+ Bedrooms | 9 | 5 | -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 2024 | May 2024 | CHANGE |
---|---|---|
42 | 23 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 34 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
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.