MONEY GLOBE XChattanooga, TN housing market: home values, sales and rents
The typical home value in the Chattanooga, TN metro area was $318,922 in September 2026, down 0.3% over a year and up 22.6% over five years. Across the United States the typical value was $366,157 (up 1.2% over a year). Homes sold at 98.5% of their asking price, with 4.1 months of supply on the market. Typical rent was $1,509 a month. Our simple reading of these numbers: buyer's market leaning.
Updated November 04, 2026.
Reading: Buyer's market leaning
The numbers
| Measure | Latest | 1-year change | As of |
|---|---|---|---|
| Typical home value | $318,922 | -0.3% | September 2026 |
| Typical value — lower-priced third | $201,134 | +0.6% | September 2026 |
| Typical value — higher-priced third | $519,267 | -0.4% | September 2026 |
| Median sale price | $329,000 | +5.1% | August 2026 |
| Median list price | $375,000 | -2.6% | September 2026 |
| Sale price vs asking price | 98.5% | +0.2 pts | August 2026 |
| Homes sold above asking | 15% | -0.3 pts | August 2026 |
| Homes sold (month) | 729 | -5.1% | September 2026 |
| New listings (month) | 625 | -11.2% | September 2026 |
| Homes for sale | 3,025 | +11.5% | September 2026 |
| Months of supply | 4.1 months | +0.6 | September 2026 |
| Sales-to-new-listings ratio | 117% | +7.5 pts | September 2026 |
| Days to an accepted offer (median) | 40 days | +12.0 | September 2026 |
| Typical rent (all homes) | $1,509 | +2.3% | September 2026 |
| Zillow market heat index strong buyer's market on Zillow's scale (0–100) | 22 | -9.0 | September 2026 |
Typical home value (Zillow Home Value Index)
What the numbers say
- Zillow market heat index 22 of 100: strong buyer's market on Zillow's scale (0–100).
- 4.1 months of supply: normal (3 to 6).
- The typical home sells at 98.5% of its asking price.
- Homes sold equal 117% of new listings this month, close to this city's usual pace (118% on average since 2018).
- Typical home value down 0.3% over a year.
Source: Zillow Research (zillow.com/research/data).
Metro-area statistics from Zillow Research. The sales-to-new-listings ratio and months of supply are calculated by Money Globe X from Zillow's counts of homes sold, new listings and homes for sale.
Statistics for information and education only — not real estate, financial or investment advice. Figures are monthly or yearly averages for a whole metro area; a single home or neighbourhood can differ a lot.
Nearby: other places in TN
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Updated November 04, 2026. Sources: Zillow Research. Educational information only - not financial advice.