Is Lookout Mountain, TN 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, TN
How much do homes in Lookout Mountain, TN cost?
Median Sold Price
$2,400,000
$414/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Lookout Mountain was $2,400,000 in May 2024, up 128.6% from last month, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $901.5K | N/A |
4 Bedrooms | $1.0M | - | N/A |
5+ Bedrooms | - | $2.4M | 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 did not change, 4 bedroom homes did not change, 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, TN
How many homes are available in Lookout Mountain, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The Lookout Mountain real estate market had 18 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lookout Mountain in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Lookout Mountain, TN
We’re sorry, we don't have information for this market at the moment