Is Alpharetta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Alpharetta, GA
How much do homes in Alpharetta, GA cost?
Median Sold Price
$734,085
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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 $734,085 in June 2024, up 11.5% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417.9K | $476K | +13.9% |
| 2 Bedrooms | $340K | $373K | +9.7% |
| 3 Bedrooms | $480K | $522.9K | +8.9% |
| 4 Bedrooms | $659.9K | $717K | +8.6% |
| 5+ Bedrooms | $940K | $1.0M | +8.5% |
Summary: Alpharetta housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Milton | $818.3K | $931K | +13.8% |
| Roswell-Alpharetta | $627K | $700K | +11.6% |
| Alpharetta | $658.3K | $734K | +11.5% |
| Johns Creek | $620K | $685K | +10.5% |
| Roswell | $584.2K | $640K | +9.6% |
Housing Supply in Alpharetta, GA
How many homes are available in Alpharetta, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,135 | 1,251 | +10.2% |
Summary: The Alpharetta real estate market had 1,251 homes for sale in June 2024, a 10.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 72 | 91 | +26.4% |
| 3 Bedrooms | 241 | 279 | +15.8% |
| 4 Bedrooms | 312 | 321 | +2.9% |
| 5+ Bedrooms | 504 | 552 | +9.5% |
Summary: The Alpharetta housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 314 | 294 | -6.4% |
Asking Price vs. Sold Price
125 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
121 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alpharetta, you may be able to get a good deal. 43% of homes here sold below asking price last month.
Summary: A total of 294 homes were sold or pending in Alpharetta in June 2024, down by 6.4% month-over-month. Of the 291 sold homes, 43% were sold under asking, 15% were sold at asking, and 42% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +2.7% |
Summary: Homes in Alpharetta had an average of 20 days on market in Jun 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
244 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alpharetta are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 294 homes were sold in Alpharetta; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.