Is Lakemont, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lakemont was a Buyer's Market.
Housing Prices in Lakemont, GA
How much do homes in Lakemont, GA cost?
Median Sold Price
$485,000
$481/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Lakemont was $485,000 in April 2024, up 105.9% from last month, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $485K | N/A |
4 Bedrooms | $235.5K | - | N/A |
5+ Bedrooms | - | $2.5M | N/A |
Summary: Lakemont housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lakemont, GA
How many homes are available in Lakemont, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Summary: The Lakemont real estate market had 23 homes for sale in April 2024, a 35.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Lakemont housing inventory by bedroom type for April 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 27.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lakemont in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Lakemont, GA
How long does it take to sell a home in Lakemont, GA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 32 Days | +118.7% |
Summary: Homes in Lakemont had an average of 32 days on market in Apr 2024, up by 118.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Lakemont; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.