Is Athens, GA 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, GA
How much do homes in Athens, GA cost?
Median Sold Price
$344,701
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Athens was $344,701 in May 2024, up 8.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $225K | +9.8% |
2 Bedrooms | $226.5K | $238.7K | +5.4% |
3 Bedrooms | $302.8K | $324.7K | +7.2% |
4 Bedrooms | $375.2K | $400.7K | +6.8% |
5+ Bedrooms | $520K | $557K | +7.1% |
Summary: Athens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Bogart | $352K | $393K | +11.7% |
Athens | $316.7K | $344.7K | +8.8% |
Winterville | $320K | $341.7K | +6.8% |
Elder | $598.7K | $466.5K | -22.1% |
Housing Supply in Athens, GA
How many homes are available in Athens, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
754 | 737 | -2.3% |
Summary: The Athens real estate market had 737 homes for sale in May 2024, a 2.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 133 | 129 | -3.0% |
3 Bedrooms | 257 | 271 | +5.4% |
4 Bedrooms | 247 | 229 | -7.3% |
5+ Bedrooms | 105 | 96 | -8.6% |
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 3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
199 | 223 | +12.1% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
61 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 223 homes were sold or pending in Athens in May 2024, up by 12.1% month-over-month. Of the 207 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 35 Days | +59.4% |
Summary: Homes in Athens had an average of 35 days on market in May 2024, up by 59.4% compared to last year.
Breakdown of Home Sale Times
147 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During May 2024, 223 homes were sold in Athens; 66% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.