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.
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
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
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
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.