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Is Chattanooga, TN 37402 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Chattanooga is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.8%Sold price ÷ list price
Median days on market116Listing to accepted offer
Median price per sq ft$332▼ −17.0% vs. last year

The Chattanooga housing market right now

In the three months ending August 31, 2026, 0% of homes in Chattanooga, TN 37402 sold above their list price, the typical home went under contract in 116 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 12 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (127 days then) and the median sale price rose 22% to $442,309. Overall, Chattanooga is more competitive than a year ago, so tougher for buyers.

Within Hamilton County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Sale Creek 37373 (30% sold over asking) and Chattanooga 37407 (27% sold over asking) are even more competitive.

Run the numbers for 37402

Prefilled for 37402Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37402Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Apison 37302Seller’s market $184 /sq ftBirchwood 37308Balanced $197 /sq ftChattanooga 37403Buyer’s market $292 /sq ftChattanooga 37404Balanced $195 /sq ft Browse all markets →

Towns like Chattanooga nearby

Find towns like Chattanooga in other states →
Chattanooga, TN37410 · 3 miles away21% similarcheaper homes ($115K less) · younger residents Fort Oglethorpe, GA30742 · 8 miles away18% similarhigher income ($25K more) · cheaper homes ($75K less) Cleveland, TN37311 · 26 miles away9% similarcheaper homes ($42K less) · larger Chattanooga, TN37406 · 4 miles away7% similarcheaper homes ($101K less) · larger

Where Chattanooga is

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Questions about Chattanooga real estate

Is Chattanooga a buyer’s or seller’s market?

A buyer’s market: there were 6.1 months of supply in Chattanooga, TN 37402 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Chattanooga?

The typical home went under contract in 116 days in the latest three months.

Do homes in Chattanooga sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.8% of the list price.

What are property taxes in Chattanooga?

About 0.62% of a home’s value a year in Hamilton County, or roughly $2,480 on a $400,000 home.

What is the median home price in Chattanooga?

The median sale price was $442,309 in the three months ending August 31, 2026, about $332 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology