Is Chattanooga, TN 37405 a buyer’s or seller’s market?

The Chattanooga housing market right now

In the three months ending August 31, 2026, 9% of homes in Chattanooga, TN 37405 sold above their list price, the typical home went under contract in 42 days and there were 4.1 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 136 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (76 days then) and the median sale price fell 8% to $494,786. Overall, Chattanooga is more competitive than a year ago, so tougher for buyers.

Within Marion County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Chattanooga ranks #132 of 299 TN ZIP codes with enough sales (score 31 out of 100).

Nearby, buyers who want less competition could look at South Pittsburg 37380 (0% sold over asking) or Sequatchie 37374 (0% sold over asking), while Chattanooga 37419 (21% sold over asking) and Whitwell 37397 (18% sold over asking) are even more competitive.