Is Alpharetta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Alpharetta has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $422.5K | +5.6% |
2 Bedrooms | $324K | $375K | +15.7% |
3 Bedrooms | $485K | $500.3K | +3.2% |
4 Bedrooms | $650K | $685.7K | +5.5% |
5+ Bedrooms | $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 | $628K | $700.1K | +11.5% |
Roswell-Alpharetta | $625.8K | $673.1K | +7.5% |
Roswell | $575.3K | $616.8K | +7.2% |
Milton | $835.9K | $892K | +6.7% |
Johns Creek | $626K | $664.4K | +6.1% |
Housing Supply in Alpharetta, GA
How many homes are available in Alpharetta, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
637 | 788 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 46 | 57 | +23.9% |
3 Bedrooms | 183 | 221 | +20.8% |
4 Bedrooms | 163 | 211 | +29.4% |
5+ Bedrooms | 240 | 294 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
126 | 153 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 32 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
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.