Is Lookout Mountain, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lookout Mountain is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Lookout Mountain, GA cost?

Median Sold Price

$441,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$72,000(+19.5%)

Key Takeaway

Homes in Lookout Mountain have sold for 19.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $237K$185K
-21.9%
3 $317.4K$405K
+27.6%
4 $465K$500K
+7.5%
5+ $565K$1.0M
+88.9%

Median Sold Price Compared To Nearby Cities

Lookout Mountain
+45.3%
Flintstone
+23.7%
Lookout Mountain
+19.5%
Chattanooga
+17.4%
Chattanooga Valley
+13.9%

How many homes are available in Lookout Mountain, GA?

Number of Homes For Sale

Aug 2022Sep 2022%
1312-7.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 13
+200.0%
3 23
+50.0%
4 84
-50.0%
5+ 22
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
56+20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lookout Mountain, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

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 Lookout Mountain 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 Lookout Mountain, GA

Lookout Mountain, GA has 12 homes for sale to choose from. In September 2022 in Lookout Mountain, GA there were 7.7% less homes for sale than in August 2022. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices decreased by 21.9%, 3 bedrooms properties became 27.6% more expensive, prices of 4 bedrooms properties went up by 7.5%, the cost of 5 bedrooms properties went up by 88.9%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 200%, 3 bedrooms homes inventory increased by 50%, 4 bedrooms homes became 50% less available, number of 5 bedrooms homes remained the same. In September 2022, from all listings sold in Lookout Mountain, GA there were more than 4 sold above asking price, over 0 sold below and more than 2 were sold right at the asked price.

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