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.
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
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
| # 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
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 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
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.
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.