Is Milton, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milton is a seller's market

Buyer's
Market

Difference Since August 2022

Since last year, Milton has remained a Seller's Market.

Key Takeaway

Milton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$22,761(+2.8%)

Key Takeaway

Homes in Milton have sold for 2.8% more than they did a year ago.

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

# BEDSAug 2022Aug 2023CHANGE
1 $250K$257.5K
+3.0%
2 $331K$377.5K
+14.0%
3 $422K$475K
+12.6%
4 $720K$750K
+4.2%
5+ $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
+12.4%
Roswell
+10.1%
Roswell-Alpharetta
+7.1%
Big Creek
+4.8%
Milton
+2.8%

Housing Supply

How many homes are available in Milton, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
215220+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

# BEDSJul 2023Aug 2023CHANGE
1 21
-50.0%
2 1610
-37.5%
3 3746
+24.3%
4 4346
+7.0%
5+ 117117
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 2023Aug 2023CHANGE
5258+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milton, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

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 2022Aug 2023CHANGE
18 Days21 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Milton are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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Nearby Markets

What housing markets are near Milton, GA?