$67 Closing Credit*
$5,600
5,716 SqFt
4 Beds
•3 Full Baths, 1 Partial
Ahmad AlHabbal, Listing Office: Virtual Properties Realty.com
Is Alpharetta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$757,450
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,166(+10.0%)
Key Takeaway
Homes in Alpharetta have sold for 10% more than they did a year ago.
Summary: The median home sold price in Alpharetta was $757,450 in November 2024, up 10% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $355K | -11.3% |
| 2 Bedrooms | $373.9K | $360K | -3.7% |
| 3 Bedrooms | $497.3K | $524.3K | +5.4% |
| 4 Bedrooms | $679K | $743.9K | +9.6% |
| 5+ Bedrooms | $975K | $1.0M | +7.1% |
Summary: Alpharetta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Roswell-Alpharetta | $653.6K | $721K | +10.3% |
| Alpharetta | $688.2K | $757.4K | +10.0% |
| Milton | $873.1K | $954.7K | +9.3% |
| Johns Creek | $650.3K | $699.9K | +7.6% |
| Roswell | $606K | $650.3K | +7.3% |
Housing Supply in Alpharetta, GA
How many homes are available in Alpharetta, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,024 | 958 | -6.4% |
Summary: The Alpharetta real estate market had 958 homes for sale in November 2024, a 6.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 16 | +33.3% |
| 2 Bedrooms | 95 | 85 | -10.5% |
| 3 Bedrooms | 264 | 254 | -3.8% |
| 4 Bedrooms | 254 | 225 | -11.4% |
| 5+ Bedrooms | 399 | 378 | -5.3% |
Summary: The Alpharetta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 242 | 183 | -24.4% |
Asking Price vs. Sold Price
101 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alpharetta, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 183 homes were sold or pending in Alpharetta in November 2024, down by 24.4% month-over-month. Of the 176 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 37 Days | +34.9% |
Summary: Homes in Alpharetta had an average of 37 days on market in Nov 2024, up by 34.9% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
20 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 November 2024, 183 homes were sold in Alpharetta; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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