Is Lookout Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lookout Mountain has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $240K | +2.1% |
2 Bedrooms | $363.9K | $342.5K | -5.9% |
3 Bedrooms | $363K | $370K | +1.9% |
4 Bedrooms | $490K | $657.5K | +34.2% |
5+ Bedrooms | $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 | $398K | $530K | +33.2% |
Lookout Mountain | $379.8K | $445K | +17.1% |
Kensington | $260K | $249.5K | -4.0% |
Rising Fawn | $361.3K | $330K | -8.7% |
Housing Supply in Lookout Mountain, GA
How many homes are available in Lookout Mountain, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 29 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 4 | 4 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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