Is Lookout Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lookout Mountain was a Neutral Market.
Housing Prices in Lookout Mountain, GA
How much do homes in Lookout Mountain, GA cost?
Median Sold Price
$607,500
$213/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Lookout Mountain was $607,500 in May 2024, up 1.4% from last month, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $1.3M | N/A |
3 Bedrooms | $599K | $565K | -5.7% |
4 Bedrooms | $637K | $380K | -40.3% |
5+ Bedrooms | - | $1.0M | N/A |
Summary: Lookout Mountain housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 40.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lookout Mountain | $1.0M | $2.4M | +128.6% |
Lookout Mountain | $599K | $607.5K | +1.4% |
Housing Supply in Lookout Mountain, GA
How many homes are available in Lookout Mountain, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Summary: The Lookout Mountain real estate market had 23 homes for sale in May 2024, a 4.2% 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 | 2 | 5 | +150.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lookout Mountain 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 150%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lookout Mountain in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% 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 2024 | May 2024 | CHANGE |
---|---|---|
47 Days | 10 Days | -78.7% |
Summary: Homes in Lookout Mountain had an average of 10 days on market in May 2024, down by 78.7% compared to last month.
Breakdown of Home Sale Times
3 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, 10 homes were sold in Lookout Mountain; 30% 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.