Is Chattanooga, TN 37416 a buyer’s or seller’s market?

The Chattanooga housing market right now

In the three months ending August 31, 2026, 18% of homes in Chattanooga, TN 37416 sold above their list price, the typical home went under contract in 38 days and there were 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 57 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold faster (48 days then) and the median sale price fell 4% to $336,854. Overall, Chattanooga is about as competitive as it was a year ago.

Within Hamilton County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 74%. On our competition score, Chattanooga ranks #65 of 299 TN ZIP codes with enough sales (score 40 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.