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Chattanooga, TN 37405 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Chattanooga, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 7777PendingPending sales: 99
Chattanooga, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $475k$475kSoldMedian sold price (last 6 months): $455k$455k
What homes actually sell for in Chattanooga, TN
Distribution of 267 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $350k to $675k
$130k to $297k: 43 sales$130k$297k to $465k: 82 sales82sales$465k to $632k: 49 sales$465k$632k to $800k: 35 sales$800k to $967k: 14 sales$800k$967k to $1.13M: 5 sales$1.13M to $1.3M: 5 sales$1.13M$1.3M to $1.47M: 8 salesMedian $455k

What the numbers say

As of October 5, 2026, Resideline is tracking 77 active listings and 9 pending sales in ZIP code 37405. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $475,000, while the median of the 267 closed sales Resideline tracked over the last six months was $455,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 37405 for 76 days.

Frequently asked questions

What is the median home price in 37405?

The median closed sale price in Chattanooga, TN 37405 was $455,000 over the last six months, based on 267 closed sales tracked by Resideline. The middle half of those sales ranged from $350,000 to $675,000.

Is 37405 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 77 active listings in 37405, a pending-to-active ratio of 0.12. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 37405 currently looks like a balanced market.

Nearby ZIP code market data

Full Chattanooga, TN housing market report →

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