Is Alpharetta, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alpharetta is a seller's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Alpharetta was a Buyer's Market.

Key Takeaway

Alpharetta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alpharetta, GA

How much do homes in Alpharetta, GA cost?

Median Sold Price

$697,258

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$71,903(+11.5%)

Key Takeaway

Homes in Alpharetta have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Alpharetta was $697,258 in January 2024, up 11.5% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $400K$400K
0.0%
2 $321.5K$372.6K
+15.9%
3 $482K$500K
+3.7%
4 $645K$680.8K
+5.6%
5+ $905.3K$995.5K
+10.0%

Summary: Alpharetta housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Alpharetta
+11.5%
Roswell
+7.5%
Roswell-Alpharetta
+6.9%
Milton
+5.7%
Johns Creek
+5.0%

Housing Supply in Alpharetta, GA

How many homes are available in Alpharetta, GA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
585648+10.8%

Summary: The Alpharetta real estate market had 648 homes for sale in January 2024, a 10.8% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 56
+20.0%
2 4346
+7.0%
3 142179
+26.1%
4 170175
+2.9%
5+ 225242
+7.6%

Summary: The Alpharetta housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 7.6%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
168116-31.0%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alpharetta, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Summary: A total of 116 homes were sold or pending in Alpharetta in January 2024, down by 31.0% month-over-month. Of the 110 sold homes, 56% were sold under asking, 18% were sold at asking, and 25% were sold over asking.

Days on Market for Alpharetta, GA

How long does it take to sell a home in Alpharetta, GA?

Average Sale Time

Jan 2023Jan 2024CHANGE
33 Days43 Days+29.6%

Summary: Homes in Alpharetta had an average of 43 days on market in Jan 2024, up by 29.6% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alpharetta are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 116 homes were sold in Alpharetta; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% 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 29 Days Ago

Newest Listings in Alpharetta, GA

Nearby Markets to Alpharetta, GA

What housing markets are near Alpharetta, GA?