Is Alpharetta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alpharetta has remained a Seller's Market.
Key Takeaway
Alpharetta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alpharetta, GA
How much do homes in Alpharetta, GA cost?
Median Sold Price
$715,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alpharetta have sold for 9% more than they did a year ago.
Summary: The median home sold price in Alpharetta was $715,000 in May 2024, up 9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417.9K | $476K | +13.9% |
| 2 Bedrooms | $335K | $370K | +10.4% |
| 3 Bedrooms | $475K | $516K | +8.6% |
| 4 Bedrooms | $659.9K | $700K | +6.1% |
| 5+ Bedrooms | $915.9K | $1.0M | +10.0% |
Summary: Alpharetta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Roswell-Alpharetta | $632K | $691.6K | +9.4% |
| Johns Creek | $623.9K | $680.5K | +9.1% |
| Alpharetta | $655.8K | $715K | +9.0% |
| Roswell | $585.3K | $635.1K | +8.5% |
| Milton | $840K | $887K | +5.6% |
Housing Supply in Alpharetta, GA
How many homes are available in Alpharetta, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,024 | 1,176 | +14.8% |
Summary: The Alpharetta real estate market had 1,176 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 69 | 79 | +14.5% |
| 3 Bedrooms | 223 | 253 | +13.5% |
| 4 Bedrooms | 289 | 310 | +7.3% |
| 5+ Bedrooms | 437 | 529 | +21.1% |
Summary: The Alpharetta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 253 | 272 | +7.5% |
Asking Price vs. Sold Price
97 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
116 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alpharetta, you could pay more than the asking price. 44.3% of homes here sold above asking price last month.
Summary: A total of 272 homes were sold or pending in Alpharetta in May 2024, up by 7.5% month-over-month. Of the 262 sold homes, 37% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for Alpharetta, GA
How long does it take to sell a home in Alpharetta, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | +1.7% |
Summary: Homes in Alpharetta had an average of 18 days on market in May 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
230 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alpharetta are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 272 homes were sold in Alpharetta; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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.