Is Alpharetta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$702,450
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alpharetta have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Alpharetta was $702,450 in March 2024, up 12.1% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $460K | +15.0% |
| 2 Bedrooms | $325K | $375K | +15.4% |
| 3 Bedrooms | $485K | $508.1K | +4.8% |
| 4 Bedrooms | $650K | $689.9K | +6.1% |
| 5+ Bedrooms | $914.9K | $1.0M | +9.6% |
Summary: Alpharetta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Alpharetta | $626.6K | $702.4K | +12.1% |
| Roswell-Alpharetta | $625.7K | $674.7K | +7.8% |
| Roswell | $578.5K | $623.7K | +7.8% |
| Johns Creek | $625K | $663.6K | +6.2% |
| Milton | $838.2K | $885K | +5.6% |
Housing Supply in Alpharetta, GA
How many homes are available in Alpharetta, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 788 | 895 | +13.6% |
Summary: The Alpharetta real estate market had 895 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 59 | 60 | +1.7% |
| 3 Bedrooms | 219 | 220 | 0.5% |
| 4 Bedrooms | 220 | 239 | +8.6% |
| 5+ Bedrooms | 285 | 371 | +30.2% |
Summary: The Alpharetta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 30.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 179 | 237 | +32.4% |
Asking Price vs. Sold Price
94 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
95 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alpharetta, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 237 homes were sold or pending in Alpharetta in March 2024, up by 32.4% month-over-month. Of the 229 sold homes, 41% were sold under asking, 17% were sold at asking, and 41% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 23 Days | -22.0% |
Summary: Homes in Alpharetta had an average of 23 days on market in Mar 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
183 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
19 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 March 2024, 237 homes were sold in Alpharetta; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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.