Is Milton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Milton was a Seller's Market.
Key Takeaway
Milton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milton, GA
How much do homes in Milton, GA cost?
Median Sold Price
$887,083
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 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 $887,083 in May 2024, up 5.6% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.7K | $250K | -9.0% |
| 2 Bedrooms | $380K | $401K | +5.5% |
| 3 Bedrooms | $459K | $500K | +8.9% |
| 4 Bedrooms | $730K | $840K | +15.1% |
| 5+ Bedrooms | $1.3M | $1.3M | 0.0% |
Summary: Milton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Big Creek | $659.9K | $722.7K | +9.5% |
| Roswell-Alpharetta | $632K | $691.6K | +9.4% |
| Alpharetta | $655.8K | $715K | +9.0% |
| Roswell | $585.3K | $635.1K | +8.5% |
| Milton | $840K | $887K | +5.6% |
Housing Supply in Milton, GA
How many homes are available in Milton, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 246 | 309 | +25.6% |
Summary: The Milton real estate market had 309 homes for sale in May 2024, a 25.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 40 | 51 | +27.5% |
| 4 Bedrooms | 54 | 58 | +7.4% |
| 5+ Bedrooms | 139 | 184 | +32.4% |
Summary: The Milton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 32.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 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 44 homes were sold or pending in Milton in May 2024, down by 2.2% month-over-month. Of the 42 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 21 Days | -33.7% |
Summary: Homes in Milton had an average of 21 days on market in May 2024, down by 33.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 May 2024, 44 homes were sold in Milton; 86% of homes were sold within 30 days, 9% 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.