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.

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.

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