The Chattanooga housing market is somewhat competitive. Homes in Chattanooga receive 3 offers on average and sell in around 48 days. The median sale price of a home in Chattanooga was $318K last month, up 0.6% since last year. The median sale price per square foot in Chattanooga is $197, up 7.1% since last year.
What is the housing market like in Chattanooga today?
$318K
Sale Price
+0.6% since last year
$197
Sale $/Sq. Ft.
+7.1% since last year
Under List Price
1.4%
Days on Market
48
Down Payment
20.0%
Total Homes Sold
339
To compare other locations to the Chattanooga and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Chattanooga's median sale price is 27% lower than the national average. Overall cost of living in Chattanooga is 9% lower than the national average. Learn which home features in Chattanooga add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Chattanooga housing market?
Chattanooga is somewhat competitive. Homes sell in 48 days.
0
100
36
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 48 days.
Hot homes
can sell for about 1% above list price and go pending in around 30 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Chattanooga
Explore recent offers and recently sold homes in Chattanooga
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Chattanooga housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Chattanooga.
Risk Factor
Flood Factor - Severe
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Chattanooga has a severe risk of flooding. 11,327 properties in Chattanooga are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Chattanooga. Flood risk is increasing slower than the national average.
55% of properties are at risk of wildfire over the next 30 years
Fire Factor
Chattanooga has a moderate risk of wildfire. There are 40,928 properties in Chattanooga that have some risk of being affected by wildfire over the next 30 years. This represents 55% of all properties in Chattanooga.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Chattanooga has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Chattanooga is most at risk from hurricanes. 73,587 properties in Chattanooga have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 67 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 74 mph.