#1506755, Listing Office: Real Estate Partners Chattanooga LLC
South Chattanooga Housing Market Report January 2025•Hamilton County, Tennessee
Housing Prices in South Chattanooga, TN
How much do homes in South Chattanooga, TN cost?
Housing Market Conditions
Is South Chattanooga, TN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
South Chattanooga is a Seller's Market
Difference Since January 2024
Since last year, South Chattanooga has remained a Seller's Market.
South Chattanooga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in South Chattanooga have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in South Chattanooga was $258,333 in January 2025, up 3.3% from last year, and the median price per square foot was $201.
Median Sold Price By City
City | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
South Chattanooga | $250K | $258.3K | +3.3% |
Alton Park / Piney Woods | $150K | $124.7K | -16.9% |
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $340K | $230K | -32.4% |
22 Bedrooms | $185.5K | $229K | +23.5% |
33 Bedrooms | $224.3K | $246.9K | +10.1% |
44 Bedrooms | $307K | $445K | +45.0% |
55+ Bedrooms | $327.5K | $310K | -5.3% |
Summary: South Chattanooga housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -32.4%. The home price for 2 bedroom homes increased by +23.5%. The home price for 3 bedroom homes increased by +10.1%. The home price for 4 bedroom homes increased by +45.0%. The home price for 5 bedroom homes decreased by -5.3%.
Housing supply in South Chattanooga, TN
How many homes are available in South Chattanooga, TN?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
66Last MonthJan 2025 | ||
692 months agoDec 2024 | -4.3 % Change MoMDec – Jan |
Summary: The South Chattanooga real estate market had 66 homes for sale in Jan 2025, a 4.3 % decrease compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
13Last MonthJan 2025 | ||
172 months agoDec 2024 | -23.5 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 21 | 14 | -33.3% |
33 Bedrooms | 30 | 36 | +20.0% |
44 Bedrooms | 11 | 9 | -18.2% |
55+ Bedrooms | 7 | 7 | 0.0% |
Summary: South Chattanooga housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes decreased by -18.2%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in South Chattanooga, TN cost?
Over Asking Price3 Homes
At Asking Price2 Homes
Under Asking Price8 Homes
If you're buying a home in South Chattanooga, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in South Chattanooga in January 2025, down by 23.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and and 23% were sold over asking.
Days on Market for South Chattanooga, TN
How long does it take to sell a home in South Chattanooga, TN?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days1 Home
Over 90 Days1 Home
Many homes in South Chattanooga are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 13 homes were sold in South Chattanooga; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
57 DaysThis YearJan 2025 | ||
25 Days1 year agoJan 2024 | +127.1 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in South Chattanooga had an average listing age of 57 days in Jan 2025, up by 127.1% compared to the previous year.
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Newest Listings in South Chattanooga, TN
What homes are available in South Chattanooga, TN?
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MLS Disclaimers and Copyright
Based on information from Chattanooga MLS / Multiple Listing Service of Chattanooga Inc., RealTracs Middle Tennessee Regional MLS, and River Counties MLS for the period 02/01/2023 - 02/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 8:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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.
© 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: 2/3/2025, 8:18:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 8:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.