Is Roswell-Alpharetta, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roswell-Alpharetta is a seller's market

Buyer's
Market

Difference Since January 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

$666,995

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$42,842(+6.9%)

Key Takeaway

Homes in Roswell-Alpharetta have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Roswell-Alpharetta was $666,995 in January 2024, up 6.9% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $315K$312.5K
-0.8%
2 $322.8K$350.1K
+8.4%
3 $480K$509.3K
+6.1%
4 $615.5K$660.8K
+7.4%
5+ $906.1K$949.8K
+4.8%

Summary: Roswell-Alpharetta housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Alpharetta
+11.5%
Roswell-Alpharetta
+6.9%
Big Creek
+6.3%
Milton
+5.7%
Johns Creek
+5.0%

Housing Supply in Roswell-Alpharetta, GA

How many homes are available in Roswell-Alpharetta, GA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
812858+5.7%

Summary: The Roswell-Alpharetta real estate market had 858 homes for sale in January 2024, a 5.7% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 78
+14.3%
2 7070
0.0%
3 191215
+12.6%
4 238251
+5.5%
5+ 306314
+2.6%

Summary: The Roswell-Alpharetta housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 2.6%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
252202-19.8%

Asking Price vs. Sold Price

106 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

56 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roswell-Alpharetta, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.

Summary: A total of 202 homes were sold or pending in Roswell-Alpharetta in January 2024, down by 19.8% month-over-month. Of the 195 sold homes, 54% were sold under asking, 17% were sold at asking, and 29% 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

Jan 2023Jan 2024CHANGE
34 Days38 Days+11.3%

Summary: Homes in Roswell-Alpharetta had an average of 38 days on market in Jan 2024, up by 11.3% compared to last year.

Breakdown of Home Sale Times

114 Homes Were Sold
Under 30 Days

68 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 202 homes were sold in Roswell-Alpharetta; 56% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% 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 29 Days Ago

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