$5,332 Closing Credit*
$449,000
2,327 SqFt
4 Beds
•3 Full Baths
Listing Office: EXP Realty LLC
Is Lookout Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Lookout Mountain was a Neutral Market.
Key Takeaway
Lookout Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lookout Mountain, GA
How much do homes in Lookout Mountain, GA cost?
Median Sold Price
$475,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$74,257(+18.5%)
Key Takeaway
Homes in Lookout Mountain have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Lookout Mountain was $475,000 in August 2024, up 18.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $325K | +35.4% |
| 2 Bedrooms | $376.4K | $334K | -11.3% |
| 3 Bedrooms | $321.5K | $435K | +35.3% |
| 4 Bedrooms | $650K | $560K | -13.8% |
| 5+ Bedrooms | $1.8M | $1.0M | -41.0% |
Summary: Lookout Mountain housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 41%.
Median Sold Price Compared To Nearby Cities
| Lookout Mountain | $400.7K | $475K | +18.5% |
| Lookout Mountain | $529K | $530K | 0.2% |
| Kensington | $246K | $206.5K | -16.1% |
Housing Supply in Lookout Mountain, GA
How many homes are available in Lookout Mountain, GA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Lookout Mountain real estate market had 32 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Lookout Mountain housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lookout Mountain, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lookout Mountain in August 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lookout Mountain, GA
How long does it take to sell a home in Lookout Mountain, GA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lookout Mountain has remained consistent over time.
Summary: During August 2024, 8 homes were sold in Lookout Mountain; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.