Sellers Thrive in a Dynamic Market:

Sellers in Chattanooga are well-positioned to thrive in the current market environment. Inventory has surged by 37.5% compared to the same month last year, reaching 2,877 homes and the median home price is $329,950. Steady median pricing highlights the attractiveness of properties in the region and provides sellers with a strong bargaining position. On average, properties spent 58 days on the market before securing a contract.

Buyers Find Opportunities Amidst Market Dynamics:
For buyers, the Chattanooga real estate market presents promising opportunities for investment and homeownership, especially now as we see the return of negotiation to the process. With a steady flow of inventory and pending transactions—788 in February 2025 compared to 788 in January 2025 — buyers have more options to explore and leverage for favorable deals. Homes are spending an average of 58 days on the market, offering a relatively quick turnaround for decision-making while still allowing time for thorough research and informed choices. Affordability remains attractive, making homeownership an attainable goal for many prospective buyers. This is a great time to take advantage of the market’s favorable conditions.

 
Current Real Estate Landscape:

Growth and Stability:

Chattanooga’s real estate market continues to experience steady growth, as evidenced by the relative stability of the median sales prices year-over-year, instilling continued confidence in Chattanooga’s real estate market.

Resilience Amidst Fluctuations:

Despite very minor fluctuations, Chattanooga’s real estate market remains strong, adapting to changing conditions and maintaining overall appeal.

Favorable Conditions for All:

The current market dynamics create favorable conditions for both sellers and buyers, fostering a balanced and inclusive real estate environment that supports diverse objectives and preferences.

Opportunities for Engagement:

As the market evolves, opportunities for engagement abound, encouraging active participation from all stakeholders and driving continued growth and prosperity within Chattanooga’s real estate sector.