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 April 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

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$45,000(+11.3%)

Key Takeaway

Homes in Lookout Mountain have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Lookout Mountain was $445,000 in April 2024, up 11.3% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $235K$240K
+2.1%
2 $363.9K$345K
-5.2%
3 $385.2K$370K
-4.0%
4 $499K$650K
+30.3%
5+ $1.3M$1.2M
-10.6%

Summary: Lookout Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 10.6%.

Median Sold Price Compared To Nearby Cities

Rising Fawn
+20.9%
Lookout Mountain
+11.3%

Housing Supply in Lookout Mountain, GA

How many homes are available in Lookout Mountain, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2838+35.7%

Summary: The Lookout Mountain real estate market had 38 homes for sale in April 2024, a 35.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1317
+30.8%
4 1012
+20.0%
5+ 47
+75.0%

Summary: The Lookout Mountain 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 increased by 100%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lookout Mountain in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for Lookout Mountain, GA

How long does it take to sell a home in Lookout Mountain, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
3 Days72 Days+2325.0%

Summary: Homes in Lookout Mountain had an average of 72 days on market in Apr 2024, up by 2325% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During April 2024, 10 homes were sold in Lookout Mountain; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

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

Report Updated 15 Days Ago

Newest Listings in Lookout Mountain, GA

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