Alpharetta, GA Real Estate & Homes for Sale

In November 2023, the housing market in Alpharetta saw a notable increase in property values, with home prices rising by 24.8% compared to the previous year. The median sale price of homes in Alpharetta reached $705K. Interestingly, homes in Alpharetta were selling faster than the previous year, taking an average of 31 days to sell compared to 36 days last year.

The number of homes sold in Alpharetta in November remained consistent with the previous year, with 81 homes sold, identical to the number sold in November of the last year. This trend suggests a growing demand in the Alpharetta housing market, with properties appreciating in value and selling at a quicker pace.

The real estate market in Alpharetta is moderately competitive. Properties in this area generally sell in about 29 days. It's not uncommon for some homes to receive multiple offers, reflecting their attractiveness to buyers. On average, homes in Alpharetta sell for approximately 1% below the asking price, and it typically takes around 29 days for them to go under contract.

However, homes with high demand, often referred to as 'hot homes,' can sell for around 1% above the listed price and may go pending much quicker, typically in about 11 days, demonstrating their strong appeal in the market.

People are relocating to Alpharetta from various metropolitan areas across the United States, with 2% of homebuyers nationwide showing interest in moving there. The largest group of these potential buyers comes from New York, making it the top source of interest for moving to Alpharetta. Following New York, Los Angeles and San Francisco are the next most common cities from where homebuyers are searching to move to Alpharetta.

Conversely, for residents of Alpharetta looking to move, a significant majority, 79%, are searching for homes within the Alpharetta metropolitan area itself, indicating a strong preference for staying local. However, for those seeking relocation outside of Alpharetta, Macon emerges as the most popular destination. Savannah and Chattanooga follow as the next preferred locations for Alpharetta homebuyers considering a move.