Is Alto, 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, Alto has remained a Seller's Market.
Housing Prices in Alto, GA
How much do homes in Alto, GA cost?
Median Sold Price
$265,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alto was $265,000 in May 2024, down 4.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $193K | N/A |
2 Bedrooms | $144.9K | $225.5K | +55.6% |
3 Bedrooms | $280K | $261.2K | -6.7% |
4 Bedrooms | $286.5K | $315K | +9.9% |
5+ Bedrooms | $420K | $465K | +10.7% |
Summary: Alto housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Alto | $278K | $265K | -4.7% |
Baldwin | $306.3K | $245K | -20.0% |
Housing Supply in Alto, GA
How many homes are available in Alto, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Summary: The Alto real estate market had 17 homes for sale in May 2024, a 10.5% decrease 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 | 3 | 1 | -66.7% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Alto 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 decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Alto in May 2024, down by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Alto, GA
How long does it take to sell a home in Alto, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 7 Days | -78.8% |
Summary: Homes in Alto had an average of 7 days on market in May 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Alto; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.