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Chattanooga, TN 37405 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Chattanooga, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 8181PendingPending 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): $425k$425kSoldMedian sold price (last 6 months): $465k$465k
What homes actually sell for in Chattanooga, TN
Distribution of 265 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $350k to $695k
$120k to $289k: 37 sales$120k$289k to $457k: 82 sales82sales$457k to $626k: 52 sales$457k$626k to $794k: 32 sales$794k to $963k: 16 sales$794k$963k to $1.13M: 6 sales$1.13M to $1.3M: 6 sales$1.13M$1.3M to $1.47M: 8 salesMedian $465k

What the numbers say

As of September 14, 2026, Resideline is tracking 81 active listings and 9 pending sales in ZIP code 37405. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $425,000, while the median of the 265 closed sales Resideline tracked over the last six months was $465,000. 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 66 days.

Frequently asked questions

What is the median home price in 37405?

The median closed sale price in Chattanooga, TN 37405 was $465,000 over the last six months, based on 265 closed sales tracked by Resideline. The middle half of those sales ranged from $350,000 to $695,000.

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

Resideline is currently tracking 9 pending sales against 81 active listings in 37405, a pending-to-active ratio of 0.11. 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

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