Elisha Wooden
Athens, TN 37303
Single-Family Homes
(423) 902-9401 | www.elishawooden.com | TN Lic 273556 | GA Lic 276222
Athens, TN 37303
Wed May 08 2024
This week the median list price for Athens, TN 37303 is $329,450 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has increased to 58.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $329,450 | |
| Median Price of New Listings | $249,900 | |
| Per Square Foot | $172 | |
| Average Days on Market | 89 | |
| Median Days on Market | 35 | |
| Price Decreased | 41% | |
| Price Increased | 3% | |
| Relisted | 16% | |
| Inventory | 58 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $545,000 | 2,742 | 1 - 2.5 acres | 4 | 3 | 31 | 1 | 1 | 84 |
| $361,650 | 2,142 | 0.5 - 1 acre | 3 | 2.5 | 25 | 1 | 0 | 31 |
| $285,000 | 1,499 | 0.25 - 0.5 acre | 3 | 2 | 47 | 3 | 2 | 56 |
| $219,000 | 1,140 | 0.25 - 0.5 acre | 3 | 2 | 74 | 4 | 1 | 28 |