Is Chattanooga, TN 37404 a buyer’s or seller’s market?

The Chattanooga housing market right now

In the three months ending August 31, 2026, 22% of homes in Chattanooga, TN 37404 sold above their list price, the typical home went under contract in 51 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 69 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (22% then), homes sold faster (71 days then) and the median sale price fell 13% to $293,248. Overall, Chattanooga is more competitive than a year ago, so tougher for buyers.

Within Hamilton County, homes here sell more slowly than in 61% of the county’s ZIP codes, and sell more often over asking than in 87%. On our competition score, Chattanooga ranks #71 of 299 TN ZIP codes with enough sales (score 38 out of 100).

Nearby, buyers who want less competition could look at Chattanooga 37408 (0% sold over asking) or Chattanooga 37402 (0% sold over asking), while Sale Creek 37373 (30% sold over asking) and Chattanooga 37407 (27% sold over asking) are even more competitive.