Is Chattanooga, TN 37407 a buyer’s or seller’s market?
Chattanooga is a seller’s market. With about 2 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score50/ 100
More competitive than 51% of U.S. ZIP codes, and #25 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2Under 4 months = seller’s market
Sold above original list27.3%Share of sales, last 3 months
Median sale-to-list98.2%Sold price ÷ list price
Median days on market66Listing to accepted offer
Median price per sq ft$168▲ +11.1% vs. last year
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Nearby markets
Apison 37302Seller’s market $184 /sq ftBirchwood 37308Balanced $197 /sq ftChattanooga 37402Buyer’s market $332 /sq ftChattanooga 37403Buyer’s market $292 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology