Downtown Chattanooga Housing Market Report February 2025•Hamilton County, Tennessee

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Housing Prices in Downtown Chattanooga, TN

How much do homes in Downtown Chattanooga, TN cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Downtown Chattanooga is a Buyer's Market

Difference Since February 2024

At the same time last year, Downtown Chattanooga was a Neutral Market.

Insight

Downtown Chattanooga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$499,000$338/SqFt
+$52,150
+11.7%

Based on all homes sold in the last 12 months

Insight

Homes in Downtown Chattanooga have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Downtown Chattanooga was $499,000 in February 2025, up 11.7% from last year, and the median price per square foot was $338.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Southside
+23.5%
Downtown Chattanooga
+11.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$305K$310K
+1.6%
2$388K$475K
+22.4%
3$499K$515K
+3.2%
4$732.9K$685K
-6.5%
5$615K$427.5K
-30.5%

Summary: Downtown Chattanooga housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1.6%. The home price for 2 bedroom homes increased by +22.4%. The home price for 3 bedroom homes increased by +3.2%. The home price for 4 bedroom homes decreased by -6.5%. The home price for 5 bedroom homes decreased by -30.5%.

How does Downtown Chattanooga, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Downtown Chattanooga, TN

Housing supply in Downtown Chattanooga, TN

How many homes are available in Downtown Chattanooga, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
95Last MonthFeb 2025
972 months agoJan 2025
-2.1 %
Change MoMJan – Feb

Summary: The Downtown Chattanooga real estate market had 95 homes for sale in Feb 2025, a 2.1 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthFeb 2025
132 months agoJan 2025
-84.6 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
12930
+3.4%
32528
+12.0%
451
-80.0%
500
0.0%
23836
-5.3%

Summary: Downtown Chattanooga housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +3.4%. The inventory for 3 bedroom homes increased by +12.0%. The inventory for 4 bedroom homes decreased by -80.0%. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -5.3%.

Asking Price vs. Sold Price

How much do homes in Downtown Chattanooga, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Downtown Chattanooga, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Downtown Chattanooga in February 2025, down by 84.6% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Downtown Chattanooga, TN

How long does it take to sell a home in Downtown Chattanooga, TN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in Downtown Chattanooga are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 2 homes were sold in Downtown Chattanooga; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
100 DaysThis YearFeb 2025
100 Days1 year agoFeb 2024
-0.2 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Downtown Chattanooga had an average listing age of 100 days in Feb 2025, down by 0.2% compared to the previous year.

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Newest Listings in Downtown Chattanooga, TN

What homes are available in Downtown Chattanooga, TN?

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MLS Disclaimers and Copyright

Based on information from Chattanooga MLS / Multiple Listing Service of Chattanooga Inc., and RealTracs Middle Tennessee Regional MLS for the period 03/01/2023 - 03/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 9:18:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.