As Jon Custer said in a comment, the answer is "it depends".
For a perfectly cold atom that is suspended away from all other atoms / interactions, and that has been in a certain state "forever", the line width of the transition would indeed be extremely narrow.
But for a real atom, in a gas, the line width is finite. The phenomenon of spectral broadening can be used to determine things like temperature and pressure of gases in distant stars, and is the reason why the light from certain "high pressure sodium" lamps looks whiter, where the low-pressure version is "quite yellow".
According to the article linked, the natural linewidth depends on the lifetime of the transition - if that is on the order of $10^{-8}~\rm{s}$, the line width is on the order of $10^{-7}~\rm{eV}$. In a high pressure gas, frequent collisions shorten the lifetime of the transition, and cause significant line broadening; similarly, Doppler shifting (due to the velocity of the atom relative to the observer) will cause temperature-dependent line broadening, with the greatest effect for the lightest atoms (e.g. hydrogen) which have the highest velocity at a given temperature. The Doppler line broadening is given by
$$\frac{\Delta \lambda}{\lambda}=2\sqrt{2\ln 2\frac{kT}{m_0c^2}}$$
A more detailed analysis can be found at this link