Is Milton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Milton has remained a Seller's Market.
Housing Prices
How much do homes in Milton, GA cost?
Median Sold Price
$823,333
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Milton was $823,333 in August 2023, up 2.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $257.5K | +3.0% |
2 Bedrooms | $331K | $377.5K | +14.0% |
3 Bedrooms | $422K | $475K | +12.6% |
4 Bedrooms | $720K | $750K | +4.2% |
5+ Bedrooms | $1.2M | $1.2M | +1.5% |
Summary: Milton housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
Alpharetta | $610K | $685.6K | +12.4% |
Roswell | $535.9K | $589.8K | +10.1% |
Roswell-Alpharetta | $593K | $635K | +7.1% |
Big Creek | $620.3K | $650K | +4.8% |
Milton | $800.5K | $823.3K | +2.8% |
Housing Supply
How many homes are available in Milton, GA?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
215 | 220 | +2.3% |
Summary: The Milton real estate market had 220 homes for sale in August 2023, a 2.3% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 10 | -37.5% |
3 Bedrooms | 37 | 46 | +24.3% |
4 Bedrooms | 43 | 46 | +7.0% |
5+ Bedrooms | 117 | 117 | 0.0% |
Summary: The Milton housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
52 | 58 | +11.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Milton in August 2023, up by 11.5% month-over-month. Of the 56 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market
How long does it take to sell a home in Milton, GA?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
18 Days | 21 Days | +18.7% |
Summary: Homes in Milton had an average of 21 days on market in Aug 2023, up by 18.7% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During August 2023, 58 homes were sold in Milton; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.