Is Roswell-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, Roswell-Alpharetta has remained a Seller's Market.
Key Takeaway
Roswell-Alpharetta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roswell-Alpharetta, GA
How much do homes in Roswell-Alpharetta, GA cost?
Median Sold Price
$674,734
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Roswell-Alpharetta have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Roswell-Alpharetta was $674,734 in March 2024, up 7.8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $312.5K | -0.8% |
| 2 Bedrooms | $321.8K | $357.5K | +11.1% |
| 3 Bedrooms | $484.6K | $524.9K | +8.3% |
| 4 Bedrooms | $625K | $670.4K | +7.3% |
| 5+ Bedrooms | $909.7K | $957.3K | +5.2% |
Summary: Roswell-Alpharetta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 5.2%.
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% |
| Johns Creek | $625K | $663.6K | +6.2% |
| Milton | $838.2K | $885K | +5.6% |
Housing Supply in Roswell-Alpharetta, GA
How many homes are available in Roswell-Alpharetta, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,033 | 1,246 | +20.6% |
Summary: The Roswell-Alpharetta real estate market had 1,246 homes for sale in March 2024, a 20.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 89 | 101 | +13.5% |
| 3 Bedrooms | 264 | 300 | +13.6% |
| 4 Bedrooms | 310 | 341 | +10.0% |
| 5+ Bedrooms | 365 | 496 | +35.9% |
Summary: The Roswell-Alpharetta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 35.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 229 | 334 | +45.9% |
Asking Price vs. Sold Price
125 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
130 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roswell-Alpharetta, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.
Summary: A total of 334 homes were sold or pending in Roswell-Alpharetta in March 2024, up by 45.9% month-over-month. Of the 320 sold homes, 39% were sold under asking, 20% were sold at asking, and 41% were sold over asking.
Days on Market for Roswell-Alpharetta, GA
How long does it take to sell a home in Roswell-Alpharetta, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 21 Days | -34.4% |
Summary: Homes in Roswell-Alpharetta had an average of 21 days on market in Mar 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
266 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Roswell-Alpharetta are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 334 homes were sold in Roswell-Alpharetta; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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.