Is Lookout Valley / Lookout Mountain, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lookout Valley / Lookout Mountain was a Buyer's Market.
Housing Prices in Lookout Valley / Lookout Mountain, TN
How much do homes in Lookout Valley / Lookout Mountain, TN cost?
Median Sold Price
$549,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lookout Valley / Lookout Mountain was $549,000 in April 2024, up 35.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $240K | +20.0% |
2 Bedrooms | $189.9K | $222K | +16.9% |
3 Bedrooms | $305K | $425.8K | +39.6% |
4 Bedrooms | $758.5K | $752.5K | -0.8% |
5+ Bedrooms | $1.3M | $1.2M | -12.7% |
Summary: Lookout Valley / Lookout Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 39.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
Lookout Valley / Lookout Mountain | $405K | $549K | +35.6% |
Downtown Chattanooga | $500K | $462.5K | -7.5% |
Housing Supply in Lookout Valley / Lookout Mountain, TN
How many homes are available in Lookout Valley / Lookout Mountain, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 90 | 0.0% |
Summary: The Lookout Valley / Lookout Mountain real estate market had 90 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 44 | 44 | 0.0% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Lookout Valley / 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Lookout Valley / Lookout Mountain in April 2024, down by 4.8% month-over-month. Of the 20 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.
Days on Market for Lookout Valley / Lookout Mountain, TN
How long does it take to sell a home in Lookout Valley / Lookout Mountain, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 15 Days | +275.0% |
Summary: Homes in Lookout Valley / Lookout Mountain had an average of 15 days on market in Apr 2024, up by 275% compared to last year.
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
Summary: During April 2024, 20 homes were sold in Lookout Valley / Lookout Mountain; 15% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.