$2,553 Closing Credit*
$215,000
1,456 SqFt
4 Beds
•2 Full Baths
Derek Morgan, Listing Office: Housepad
Is Lakewood Heights, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lakewood Heights was a Seller's Market.
Key Takeaway
Lakewood Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakewood Heights, GA
How much do homes in Lakewood Heights, GA cost?
Median Sold Price
$297,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,425(+7.4%)
Key Takeaway
Homes in Lakewood Heights have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Lakewood Heights was $297,500 in October 2024, up 7.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $160K | $202.5K | +26.6% |
| 3 Bedrooms | $272.5K | $295K | +8.3% |
| 4 Bedrooms | $350K | $370K | +5.7% |
| 5+ Bedrooms | $365K | $412.5K | +13.0% |
Summary: Lakewood Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 13%.
Housing Supply in Lakewood Heights, GA
How many homes are available in Lakewood Heights, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The Lakewood Heights real estate market had 47 homes for sale in October 2024, a 14.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lakewood Heights housing inventory by bedroom type for October 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 increased by 45.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakewood Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lakewood Heights in October 2024, up by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lakewood Heights, GA
How long does it take to sell a home in Lakewood Heights, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 63 Days | +116.8% |
Summary: Homes in Lakewood Heights had an average of 63 days on market in Oct 2024, up by 116.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lakewood Heights has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Lakewood Heights; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.