$6,234 Closing Credit*
$525,000
2,675 SqFt
4 Beds
•3 Full Baths, 1 Partial
Rick Musto, Listing Office: Homesmart Realty Partners
Is Lumpkin County, 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, Lumpkin County has remained a Seller's Market.
Key Takeaway
Lumpkin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lumpkin County, GA
How much do homes in Lumpkin County, GA cost?
Median Sold Price
$375,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.7%)
Key Takeaway
Homes in Lumpkin County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Lumpkin County was $375,000 in October 2024, up 2.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.4K | $299K | +11.4% |
| 2 Bedrooms | $245K | $299K | +22.0% |
| 3 Bedrooms | $339K | $351.5K | +3.7% |
| 4 Bedrooms | $431K | $440K | +2.1% |
| 5+ Bedrooms | $635K | $631K | -0.6% |
Summary: Lumpkin County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Counties
| Union County | $378K | $425K | +12.4% |
| Dawson County | $406.1K | $435K | +7.1% |
| Fannin County | $551.1K | $580K | +5.2% |
| Lumpkin County | $365K | $375K | +2.7% |
| White County | $349.8K | $344.5K | -1.5% |
Housing Supply in Lumpkin County, GA
How many homes are available in Lumpkin County, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 194 | 212 | +9.3% |
Summary: The Lumpkin County real estate market had 212 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 92 | 105 | +14.1% |
| 4 Bedrooms | 46 | 52 | +13.0% |
| 5+ Bedrooms | 31 | 30 | -3.2% |
Summary: The Lumpkin County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lumpkin County, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Lumpkin County in October 2024, down by 10.0% month-over-month. Of the 33 sold homes, 61% were sold under asking, 15% were sold at asking, and 24% were sold over asking.
Days on Market for Lumpkin County, GA
How long does it take to sell a home in Lumpkin County, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 44 Days | +49.4% |
Summary: Homes in Lumpkin County had an average of 44 days on market in Oct 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lumpkin County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Lumpkin County; 53% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.