Chattanooga - TN housing market
The Chattanooga metro has a typical home value of $326,370, up 0.2% from a year ago. Homes sell in 22 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 ($326,370) 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 0.2% over the past year. In Chattanooga - TN, that means a home worth $325,719 last year is now worth roughly $326,370.
The median sale price , what homes actually close for , is $318,686. Homes are selling at 97.4% of list price, meaning buyers have room to negotiate.
Homes listed in Chattanooga - TN sit on the market for roughly 22 days before going pending. Shorter = seller's market; longer = buyer's market.
About 30.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 857 new listings hit the market each month in Chattanooga - TN. There are currently 2,886 homes for sale, up 21.9% from a year ago.
The typical monthly rent in Chattanooga - TN is $1,530, up 1.3% 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 | $455,958 | -0.9% | 22.0d |
| Memphis - TN | $247,229 | +0.1% | 24.0d |
| Knoxville - TN | $367,158 | +1.8% | 17.0d |
| Clarksville - TN | $292,990 | -0.7% | 23.0d |
| Kingsport - TN | $246,242 | +1.2% | 15.0d |