$7,659 Closing Credit*
$645,000
3,333 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: SquareOne Realty, LLC
Is Lookout Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lookout Mountain was a Seller's Market.
Key Takeaway
Lookout Mountain is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lookout Mountain, GA
How much do homes in Lookout Mountain, GA cost?
Median Sold Price
$549,950
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,950(+4.0%)
Key Takeaway
Homes in Lookout Mountain have sold for 4% more than they did a year ago.
Summary: The median home sold price in Lookout Mountain was $549,950 in November 2024, up 4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355.4K | $318.5K | -10.4% |
| 3 Bedrooms | $470K | $550.4K | +17.1% |
| 4 Bedrooms | $660K | $550K | -16.7% |
| 5+ Bedrooms | $1.4M | $1.0M | -23.4% |
Summary: Lookout Mountain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Lookout Mountain | $881.5K | $1.0M | +19.1% |
| Chattanooga Valley | $217K | $250K | +15.2% |
| Flintstone | $290K | $326.2K | +12.5% |
| Lookout Mountain | $529K | $549.9K | +4.0% |
| Chattanooga | $320.3K | $330K | +3.0% |
Housing Supply in Lookout Mountain, GA
How many homes are available in Lookout Mountain, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Summary: The Lookout Mountain real estate market had 19 homes for sale in November 2024, a 20.8% decrease 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 8 | 3 | -62.5% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
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 decreased by 40%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
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 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 3 homes were sold or pending in Lookout Mountain in November 2024, down by 70.0% 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 Lookout Mountain, GA
How long does it take to sell a home in Lookout Mountain, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 40 Days | +700.0% |
Summary: Homes in Lookout Mountain had an average of 40 days on market in Nov 2024, up by 700% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lookout Mountain has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Lookout Mountain; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.