Is Lookout Mountain, 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, Lookout Mountain has remained a Seller's Market.
Housing Prices in Lookout Mountain, GA
How much do homes in Lookout Mountain, GA cost?
Median Sold Price
$445,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lookout Mountain was $445,000 in April 2024, up 11.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $240K | +2.1% |
2 Bedrooms | $363.9K | $345K | -5.2% |
3 Bedrooms | $385.2K | $370K | -4.0% |
4 Bedrooms | $499K | $650K | +30.3% |
5+ Bedrooms | $1.3M | $1.2M | -10.6% |
Summary: Lookout Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
Rising Fawn | $335K | $405K | +20.9% |
Lookout Mountain | $400K | $445K | +11.3% |
Housing Supply in Lookout Mountain, GA
How many homes are available in Lookout Mountain, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 38 | +35.7% |
Summary: The Lookout Mountain real estate market had 38 homes for sale in April 2024, a 35.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Lookout Mountain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lookout Mountain in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Lookout Mountain, GA
How long does it take to sell a home in Lookout Mountain, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 72 Days | +2325.0% |
Summary: Homes in Lookout Mountain had an average of 72 days on market in Apr 2024, up by 2325% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Lookout Mountain; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.