Alpharetta, Georgia, nestled in the vibrant Fulton County, has evolved from a modest agricultural community into a bustling, affluent suburb of Atlanta. Initially founded in the 1850s as a trading post on a Cherokee trail, it was named Alpharetta, meaning "first town" in Greek, when it was chartered in 1858. The town's early economy was based on cotton and served as a stopover for travelers. Today, Alpharetta is known for its excellent schools, upscale residential areas, and a thriving business environment, hosting numerous corporate headquarters. With a population exceeding 67,000, it features a blend of Southern charm and modern amenities, including expansive parks like Big Creek Greenway, cultural attractions like the Alpharetta Arts Center, and popular shopping districts like Avalon. The city also boasts a rich historical tapestry, with landmarks like the old Milton County Courthouse site and the preservation of its history through events like the annual Old Soldiers Day Parade, reflecting a community that honors its past while embracing growth and innovation.
Alpharetta currently has 314 single family homes for sale with an average list price of $1,498,932.22, 175 townhouses for sale with an average list price of $756,600.87, 55 condos for sale with an average list price of $532,462.60, and 50 lots for sale with an average list price of $1,565,296.96. The average annual property tax for Alpharetta is $4,497.09.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Alpharetta, i.e. what's hot and what's not.
See What's Hot & What's Not in AlpharettaAlpharetta home sales for the month of March decreased in volume by 30.2% when compared to last year, while the median sale price decreased by 1.8% from $763,571 to $750,000. House sales decreased by 29.7%, while the median sale price rose by 1.4% from $844,500 to $856,000. Condo sales decreased by 50%, while the median sale price rose by 16.6% from $392,500 to $457,500. Townhouse sales decreased by 25%, while the median sale price rose by 5.3% from $537,500 to $565,950.
2127
|
1575
|
1189
|
1208
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$536,000
|
$630,000
|
$675,000
|
$747,500
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |