Is Alpharetta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alpharetta has remained a Seller's Market.
Housing Prices in Alpharetta, GA
How much do homes in Alpharetta, GA cost?
Median Sold Price
$708,071
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alpharetta was $708,071 in April 2024, up 12.6% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $476K | +19.0% |
2 Bedrooms | $335K | $370K | +10.4% |
3 Bedrooms | $482K | $515K | +6.8% |
4 Bedrooms | $643.7K | $690.2K | +7.2% |
5+ Bedrooms | $914.6K | $1.0M | +9.4% |
Summary: Alpharetta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Alpharetta | $628.9K | $708K | +12.6% |
Roswell-Alpharetta | $628K | $683.4K | +8.8% |
Roswell | $580K | $627.6K | +8.2% |
Milton | $835.7K | $897.9K | +7.4% |
Johns Creek | $624.9K | $670K | +7.2% |
Housing Supply in Alpharetta, GA
How many homes are available in Alpharetta, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
907 | 1,067 | +17.6% |
Summary: The Alpharetta real estate market had 1,067 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 65 | 72 | +10.8% |
3 Bedrooms | 230 | 235 | +2.2% |
4 Bedrooms | 233 | 296 | +27.0% |
5+ Bedrooms | 373 | 457 | +22.5% |
Summary: The Alpharetta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 22.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
278 | 222 | -20.1% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
100 Homes Were Sold
Over Asking
Summary: A total of 222 homes were sold or pending in Alpharetta in April 2024, down by 20.1% month-over-month. Of the 216 sold homes, 31% were sold under asking, 22% were sold at asking, and 46% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 18 Days | -26.9% |
Summary: Homes in Alpharetta had an average of 18 days on market in Apr 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
188 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 222 homes were sold in Alpharetta; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.