Is Lakemont, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakemont is a neutral's market

Buyer's
Market

Difference Since April 2021

At the same time last year, Lakemont was a Seller's Market.

Key Takeaway

Lakemont is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Lakemont, GA cost?

Median Sold Price

$385,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$56,000(+17.0%)

Key Takeaway

Homes in Lakemont have sold for 17% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $230K-
N/A
2 $255K$308K
+20.8%
3 $312.2K$399.5K
+28.0%
4 $472.5K$725K
+53.4%
5+ $1.1M$1.7M
+48.1%

Median Sold Price Compared To Nearby Cities

Lakemont
+17.0%
Turnerville
+12.2%

How many homes are available in Lakemont, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
1418+28.6%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 43
-25.0%
3 88
0.0%
4 15
+400.0%
5+ 12
+100.0%

Number of Homes Sold

Mar 2022Apr 2022%
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakemont, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
91 Days3 Days-96.3%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakemont are selling fast, if you're buying plan to act quickly.

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

New

10351 Old 441 S, Lakemont, GA 30552

10351 Old 441 S, Lakemont, GA 30552

$359,000
720 SqFt
2 Bedrooms
~$1,600/mo.*1 Full Bath
#10052698Listing Office:
Poss RealtyMLS logo

New

280 Keystone Ln, Lakemont, GA 30552

280 Keystone Ln, Lakemont, GA 30552

$1,550,000
3,336 SqFt
4 Bedrooms
~$6,950/mo.*4 Full Baths
#20043953Listing Office:
Harry Norman REALTORSMLS logo
260 Bear Gap Rd, Lakemont, GA 30552

260 Bear Gap Rd, Lakemont, GA 30552

$1,885,000
3,320 SqFt
4 Bedrooms
~$8,450/mo.*4 Full Baths, 1 Partial
#10048346Listing Office:
ReMax Town & Country of RabunMLS logo
353 Ray Point Ln, Lakemont, GA 30552

353 Ray Point Ln, Lakemont, GA 30552

$2,995,000
4,726 SqFt
4 Bedrooms
~$13,400/mo.*3 Full Baths
#7048015Listing Office:
Atlanta Fine Homes Sotheby's InternationalMLS logo
0 Oasis Rd, Lakemont, GA 30552

0 Oasis Rd, Lakemont, GA 30552

$152,000
4.08 Acres 
~$700/mo.*
#10048095Listing Office:
Greater Athens PropertiesMLS logo
57 Banks Dr, Lakemont, GA 30552

57 Banks Dr, Lakemont, GA 30552

$2,695,000
2,716 SqFt
5 Bedrooms
~$12,050/mo.*3 Full Baths, 1 Partial
#20041128Listing Office:
Ansley Real EstateMLS logo
1497 Ramey Rd, Lakemont, GA 30552

1497 Ramey Rd, Lakemont, GA 30552

$449,000
1,836 SqFt
4 Bedrooms
~$2,000/mo.*2 Full Baths
#20038367Listing Office:
BHGRE Metro BrokersMLS logo
180 Hawk Hill Ln, Lakemont, GA 30552

180 Hawk Hill Ln, Lakemont, GA 30552

$750,000
2,259 SqFt
2 Bedrooms
~$3,350/mo.*2 Full Baths
#20039920Listing Office:
Poss RealtyMLS logo
0 Spring Cove Trail 34, Lakemont, GA 30525

0 Spring Cove Trail 34, Lakemont, GA 30525

$39,900
2.25 Acres 
~$200/mo.*
#20039670Listing Office:
Poss RealtyMLS logo
538 Tame Turkey Rd, Lakemont, GA 30552

538 Tame Turkey Rd, Lakemont, GA 30552

$380,000
1,120 SqFt
3 Bedrooms
~$1,700/mo.*1 Full Bath
#20039470Listing Office:
Keller Williams Lanier PartnerMLS logo
31 Barn Inn Rd, Lakemont, GA 30552

31 Barn Inn Rd, Lakemont, GA 30552

$2,200,000
5,740 SqFt
7 Bedrooms
~$9,850/mo.*8 Full Baths, 1 Partial
#20033581Listing Office:
Poss RealtyMLS logo
59 Carter Ln, Lakemont, GA 30552

59 Carter Ln, Lakemont, GA 30552

$615,000
1,872 SqFt
4 Bedrooms
~$2,750/mo.*3 Full Baths
#20033319Listing Office:
Poss RealtyMLS logo

About Lakemont, GA

Homes for sale in Lakemont, GA have reached 18. The inventory of homes for sale in Lakemont, GA between March 2022 and April 2022 increased by 28.6%. In April 2022, listings were on the market for 3 days. During the same period, the median list price in this real estate market was $385,000. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 20.8%, 3 bedrooms properties became 28% more expensive, prices of 4 bedrooms properties went up by 53.4%, 5 bedrooms properties became 48.1% more expensive. This housing market inventory have changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 25%, 3 bedrooms homes did not move, 4 bedrooms homes became 400% more available, number of 5 bedrooms homes increased by 100%. While more than 3 listings in Lakemont, GA in April 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.

MLS Disclaimers and Copyright

Based on information from Georgia MLS, and First Multiple Listing Service Inc. for the period 05/01/2020 - 05/01/2022

IDX Based on information from the Georgia MLS © 2022.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Last updated on: 5/28/2022, 10:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2022, 10:20:41 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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