Is Fort Oglethorpe-Lakeview, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Oglethorpe-Lakeview is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fort Oglethorpe-Lakeview has remained a Seller's Market.

Key Takeaway

Fort Oglethorpe-Lakeview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fort Oglethorpe-Lakeview, GA

How much do homes in Fort Oglethorpe-Lakeview, GA cost?

Median Sold Price

$250,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,050(+11.6%)

Key Takeaway

Homes in Fort Oglethorpe-Lakeview have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Fort Oglethorpe-Lakeview was $250,000 in May 2024, up 11.6% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $55.4K$35K
-36.9%
2 $197K$221.4K
+12.4%
3 $230K$254.9K
+10.8%
4 $314K$320K
+1.9%
5+ $285K$435K
+52.6%

Summary: Fort Oglethorpe-Lakeview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 52.6%.

Median Sold Price Compared To Nearby Cities

Fort Oglethorpe-Lakeview
+11.6%
East Ridge
+11.0%
Boynton Ridge
+9.4%
Fort Oglethorpe
+5.9%
Rossville-Beverly Hills
+1.6%

Housing Supply in Fort Oglethorpe-Lakeview, GA

How many homes are available in Fort Oglethorpe-Lakeview, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
105108+2.9%

Summary: The Fort Oglethorpe-Lakeview real estate market had 108 homes for sale in May 2024, a 2.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2830
+7.1%
3 6863
-7.4%
4 913
+44.4%
5+ 02
+100.0%

Summary: The Fort Oglethorpe-Lakeview 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 increased by 7.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3219-40.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Oglethorpe-Lakeview, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Fort Oglethorpe-Lakeview in May 2024, down by 40.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 39% were sold at asking, and 39% were sold over asking.

Days on Market for Fort Oglethorpe-Lakeview, GA

How long does it take to sell a home in Fort Oglethorpe-Lakeview, GA?

Average Sale Time

May 2023May 2024CHANGE
15 Days49 Days+225.2%

Summary: Homes in Fort Oglethorpe-Lakeview had an average of 49 days on market in May 2024, up by 225.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fort Oglethorpe-Lakeview are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Fort Oglethorpe-Lakeview; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

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