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All market snapshots / 37405

Chattanooga, TN 37405 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Chattanooga, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 8585PendingPending sales: 44
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): $453k$453kSoldMedian sold price (last 6 months): $450k$450k
What homes actually sell for in Chattanooga, TN
Distribution of 272 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $350k to $695k
$130k to $297k: 44 sales$130k$297k to $465k: 87 sales87sales$465k to $632k: 43 sales$465k$632k to $800k: 39 sales$800k to $967k: 16 sales$800k$967k to $1.13M: 5 sales$1.13M to $1.3M: 4 sales$1.13M$1.3M to $1.47M: 8 salesMedian $450k

What the numbers say

As of October 26, 2026, Resideline is tracking 85 active listings and 4 pending sales in ZIP code 37405. That pending-to-active ratio of 0.05 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $452,667, while the median of the 272 closed sales Resideline tracked over the last six months was $450,000. 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 90 days.

Frequently asked questions

What is the median home price in 37405?

The median closed sale price in Chattanooga, TN 37405 was $450,000 over the last six months, based on 272 closed sales tracked by Resideline. The middle half of those sales ranged from $349,750 to $695,000.

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

Resideline is currently tracking 4 pending sales against 85 active listings in 37405, a pending-to-active ratio of 0.05. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 37405 is currently a slower-moving market.

Nearby ZIP code market data

Full Chattanooga, TN housing market report →

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