Is Fort Oglethorpe-Lakeview, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fort Oglethorpe-Lakeview has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.4K | $35K | -36.9% |
2 Bedrooms | $197K | $221.4K | +12.4% |
3 Bedrooms | $230K | $254.9K | +10.8% |
4 Bedrooms | $314K | $320K | +1.9% |
5+ Bedrooms | $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 | $223.9K | $250K | +11.6% |
East Ridge | $243.3K | $270.1K | +11.0% |
Boynton Ridge | $309.9K | $339K | +9.4% |
Fort Oglethorpe | $248.4K | $263K | +5.9% |
Rossville-Beverly Hills | $186K | $189K | +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 2024 | May 2024 | CHANGE |
---|---|---|
105 | 108 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 28 | 30 | +7.1% |
3 Bedrooms | 68 | 63 | -7.4% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 0 | 2 | +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 2024 | May 2024 | CHANGE |
---|---|---|
32 | 19 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 49 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
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.