Is Milton, 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, 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 in Milton, GA
How much do homes in Milton, GA cost?
Median Sold Price
$885,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Milton have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Milton was $885,000 in March 2024, up 5.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $255K | 0.0% |
| 2 Bedrooms | $376K | $396.5K | +5.5% |
| 3 Bedrooms | $449K | $500K | +11.4% |
| 4 Bedrooms | $750K | $815K | +8.7% |
| 5+ Bedrooms | $1.2M | $1.3M | 0.3% |
Summary: Milton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Alpharetta | $626.6K | $702.4K | +12.1% |
| Big Creek | $650K | $706K | +8.6% |
| Roswell-Alpharetta | $625.7K | $674.7K | +7.8% |
| Roswell | $578.5K | $623.7K | +7.8% |
| Milton | $838.2K | $885K | +5.6% |
Housing Supply in Milton, GA
How many homes are available in Milton, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 199 | 227 | +14.1% |
Summary: The Milton real estate market had 227 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 53 | 48 | -9.4% |
| 4 Bedrooms | 38 | 46 | +21.1% |
| 5+ Bedrooms | 92 | 114 | +23.9% |
Summary: The Milton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 23.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 58 | +41.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milton, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Milton in March 2024, up by 41.5% month-over-month. Of the 55 sold homes, 53% were sold under asking, 15% were sold at asking, and 33% were sold over asking.
Days on Market for Milton, GA
How long does it take to sell a home in Milton, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 28 Days | -10.9% |
Summary: Homes in Milton had an average of 28 days on market in Mar 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 58 homes were sold in Milton; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% 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.