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 March 2023

Since last year, Lookout Mountain has remained a Seller's 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

$445,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$65,105(+17.1%)

Key Takeaway

Homes in Lookout Mountain have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Lookout Mountain was $445,000 in March 2024, up 17.1% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $235K$240K
+2.1%
2 $363.9K$342.5K
-5.9%
3 $363K$370K
+1.9%
4 $490K$657.5K
+34.2%
5+ $860K$1.2M
+39.5%

Summary: Lookout Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 39.5%.

Median Sold Price Compared To Nearby Cities

Lookout Mountain
+33.2%
Lookout Mountain
+17.1%
Kensington
-4.0%
Rising Fawn
-8.7%

Housing Supply in Lookout Mountain, GA

How many homes are available in Lookout Mountain, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2729+7.4%

Summary: The Lookout Mountain real estate market had 29 homes for sale in March 2024, a 7.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1011
+10.0%
4 1011
+10.0%
5+ 44
0.0%

Summary: The Lookout Mountain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lookout Mountain, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Lookout Mountain in March 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Lookout Mountain, GA

We’re sorry, we don't have information for this market at the moment

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

Report Updated 18 Days Ago

Newest Listings in Lookout Mountain, GA

Nearby Markets to Lookout Mountain, GA

What housing markets are near Lookout Mountain, GA?