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 December 2021

Since last year, Alpharetta has remained a Seller's Market.

Key Takeaway

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

How much do homes in Alpharetta, GA cost?

Median Sold Price

$649,700

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$100,464(+18.3%)

Key Takeaway

Homes in Alpharetta have sold for 18.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $375K$417.9K
+11.5%
2 $273.4K$310K
+13.4%
3 $430.5K$526.6K
+22.3%
4 $550K$650K
+18.2%
5+ $738.1K$900.2K
+22.0%

Median Sold Price Compared To Nearby Cities

Johns Creek
+18.6%
Alpharetta
+18.3%
Roswell
+17.2%
Roswell-Alpharetta
+17.0%
Milton
+14.5%

How many homes are available in Alpharetta, GA?

Number of Homes For Sale

Nov 2022Dec 2022%
203175-13.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 62
-66.7%
2 2518
-28.0%
3 5450
-7.4%
4 5646
-17.9%
5+ 6259
-4.8%

Number of Homes Sold

Nov 2022Dec 2022%
6544-32.3%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 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. 63.6% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
17 Days35 Days+107.3%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Alpharetta, GA

Homes for sale in Alpharetta, GA have reached 175. The number of listings in Alpharetta, GA decreased by 13.8% between November 2022 and December 2022. Listings spent 35 days on the market in December 2022, and had a median list price of $649,700 during the same period. This housing market listing prices have changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 11.5%, 2 bedrooms properties became 13.4% more expensive, 3 bedrooms properties became 22.3% more expensive, 4 bedrooms properties prices increased by 18.2%, the cost of 5 bedrooms properties went up by 22%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 66.7%, number of 2 bedrooms homes decreased by 28%, 3 bedrooms homes inventory decreased by 7.4%, the quantity of 4 bedrooms homes went down by 17.9%, 5 bedrooms homes became 4.8% less available. Over 8 listings were sold over their listed price in December 2022 in Alpharetta, GA. In the same period over 28 listings were sold below the listed price and 8 listings were sold for the listed price.

Related Housing Market Reports