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 February 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

$700,144

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$72,102(+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 $700,144 in February 2024, up 11.5% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $400K$422.5K
+5.6%
2 $324K$375K
+15.7%
3 $485K$500.3K
+3.2%
4 $650K$685.7K
+5.5%
5+ $907.9K$1.0M
+10.2%

Summary: Alpharetta housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 10.2%.

Median Sold Price Compared To Nearby Cities

Alpharetta
+11.5%
Roswell-Alpharetta
+7.5%
Roswell
+7.2%
Milton
+6.7%
Johns Creek
+6.1%

Housing Supply in Alpharetta, GA

How many homes are available in Alpharetta, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
637788+23.7%

Summary: The Alpharetta real estate market had 788 homes for sale in February 2024, a 23.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 55
0.0%
2 4657
+23.9%
3 183221
+20.8%
4 163211
+29.4%
5+ 240294
+22.5%

Summary: The Alpharetta housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 22.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
126153+21.4%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

50 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. 49.7% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in Alpharetta in February 2024, up by 21.4% month-over-month. Of the 143 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% 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

Feb 2023Feb 2024CHANGE
35 Days32 Days-6.3%

Summary: Homes in Alpharetta had an average of 32 days on market in Feb 2024, down by 6.3% compared to last year.

Breakdown of Home Sale Times

99 Homes Were Sold
Under 30 Days

40 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 February 2024, 153 homes were sold in Alpharetta; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% 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 28 Days Ago

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