Chattanooga - TN housing market
The Chattanooga metro has a typical home value of $324,101, up 0.3% from a year ago. Homes sell in 25 days on average - a balanced market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($324,101) is the Zillow Home Value Index for the Chattanooga - TN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 0.3% over the past year. In Chattanooga - TN, that means a home worth $323,132 last year is now worth roughly $324,101.
The median sale price , what homes actually close for , is $313,760. Homes are selling at 97.0% of list price, meaning buyers have room to negotiate.
Homes listed in Chattanooga - TN sit on the market for roughly 25 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 769 new listings hit the market each month in Chattanooga - TN. There are currently 2,687 homes for sale, up 18.9% from a year ago.
The typical monthly rent in Chattanooga - TN is $1,511, up 0.6% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in TN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Nashville - TN | $455,068 | -0.9% | 29.0d |
| Memphis - TN | $245,951 | +0.0% | 29.0d |
| Knoxville - TN | $363,741 | +1.6% | 21.0d |
| Clarksville - TN | $293,331 | -0.7% | 35.0d |
| Kingsport - TN | $243,171 | +1.0% | 24.0d |