$8,894 Closing Credit*
$749,000
3,338 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Realty
Is Lookout Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lookout Mountain has remained a Seller's Market.
Key Takeaway
Lookout Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lookout Mountain, GA
How much do homes in Lookout Mountain, GA cost?
Median Sold Price
$546,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,000(+16.2%)
Key Takeaway
Homes in Lookout Mountain have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Lookout Mountain was $546,000 in October 2024, up 16.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $354.6K | $318.5K | -10.2% |
| 3 Bedrooms | $403.4K | $549.9K | +36.3% |
| 4 Bedrooms | $650K | $550K | -15.4% |
| 5+ Bedrooms | $1.4M | $856.7K | -39.0% |
Summary: Lookout Mountain 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 decreased by 10.2%, 3 bedroom homes increased by 36.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 39%.
Median Sold Price Compared To Nearby Cities
| Chattanooga Valley | $211.6K | $247K | +16.7% |
| Lookout Mountain | $470K | $546K | +16.2% |
| Flintstone | $290K | $332K | +14.5% |
| Lookout Mountain | $875K | $960K | +9.7% |
| Chattanooga | $319.5K | $329.3K | +3.1% |
Housing Supply in Lookout Mountain, GA
How many homes are available in Lookout Mountain, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Lookout Mountain real estate market had 23 homes for sale in October 2024, a 21.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lookout Mountain 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 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. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lookout Mountain in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 1 Days | -98.8% |
Summary: Homes in Lookout Mountain had an average of 1 days on market in Oct 2024, down by 98.8% compared to last year.
Breakdown of Home Sale Times
4 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 Lookout Mountain are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Lookout Mountain; 40% 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.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.