$7,066 Closing Credit*
$595,000
1,512 SqFt
3 Beds
•2 Full Baths
Scott Poss, Listing Office: Poss Realty
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 Neutral Market.
Key Takeaway
Lakemont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakemont, GA
How much do homes in Lakemont, GA cost?
Median Sold Price
$2,940,000
$805/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$2,469,717(+525.2%)
Key Takeaway
Homes in Lakemont have sold for 525.2% more than they did a month ago.
Summary: The median home sold price in Lakemont was $2,940,000 in November 2024, up 525.2% from last month, and the median price per square foot was $805.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355.5K | - | N/A |
| 3 Bedrooms | $452.4K | $417K | -7.8% |
| 4 Bedrooms | - | $5.4M | N/A |
| 5+ Bedrooms | $650K | - | N/A |
Summary: Lakemont 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 7.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Lakemont real estate market had 27 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lakemont 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 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lakemont, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lakemont in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 10 Days | -64.1% |
Summary: Homes in Lakemont had an average of 10 days on market in Nov 2024, down by 64.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakemont are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Lakemont; 100% 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.
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