$3,561 Closing Credit*
$299,900
5,623 SqFt
7 Beds
•5 Full Baths
Listing Office: Era King Real Estate
Is Lookout Mountain, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lookout Mountain was a Seller's Market.
Key Takeaway
Lookout Mountain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lookout Mountain, AL
How much do homes in Lookout Mountain, AL cost?
Median Sold Price
$170,000
$110/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$30,000(-15.0%)
Key Takeaway
Homes in Lookout Mountain have sold for 15% less than they did a month ago.
Summary: The median home sold price in Lookout Mountain was $170,000 in November 2024, down 15% from last month, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $200K | $170K | -15.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lookout Mountain housing prices by bedroom type for November 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 decreased by 15%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Turkeytown | $280K | $274.9K | -1.8% |
| Lookout Mountain | $200K | $170K | -15.0% |
Housing Supply in Lookout Mountain, AL
How many homes are available in Lookout Mountain, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Lookout Mountain real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lookout Mountain housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lookout Mountain, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lookout Mountain in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lookout Mountain, AL
We’re sorry, we don't have information for this market at the moment
