Is Chattanooga, TN 37407 a buyer’s or seller’s market?

The Chattanooga housing market right now

In the three months ending August 31, 2026, 27% of homes in Chattanooga, TN 37407 sold above their list price, the typical home went under contract in 66 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 23 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold more slowly (38 days then) and the median sale price rose 20% to $234,898. Overall, Chattanooga is less competitive than a year ago, which gives buyers more room.

Within Hamilton County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 96%. On our competition score, Chattanooga ranks #25 of 299 TN ZIP codes with enough sales (score 50 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) is even more competitive.