Is Chattanooga, TN 37408 a buyer’s or seller’s market?
Chattanooga is a buyer’s market. With about 10.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 3% of U.S. ZIP codes, and #288 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
The Chattanooga housing market right now
In the three months ending August 31, 2026, 0% of homes in Chattanooga, TN 37408 sold above their list price, the typical home went under contract in 75 days and there were 10.1 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 19 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (68 days then) and the median sale price rose 23% to $489,788. Overall, Chattanooga is less competitive than a year ago, which gives buyers more room.
Within Hamilton County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Chattanooga ranks #288 of 299 TN ZIP codes with enough sales (score 9 out of 100).
Nearby, Sale Creek 37373 (30% sold over asking) and Chattanooga 37407 (27% sold over asking) are even more competitive.
Run the numbers for 37408
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 →Towns like Chattanooga nearby
Find towns like Chattanooga in other states →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 10.1 months of supply in Chattanooga, TN 37408 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 75 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 97.4% 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 $489,788 in the three months ending August 31, 2026, about $282 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