Is Chattanooga Valley, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chattanooga Valley is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Chattanooga Valley was a Seller's Market.

Key Takeaway

Chattanooga Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chattanooga Valley, GA

How much do homes in Chattanooga Valley, GA cost?

Median Sold Price

$247,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,375(+16.7%)

Key Takeaway

Homes in Chattanooga Valley have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Chattanooga Valley was $247,000 in October 2024, up 16.7% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $83.5K$62.5K
-25.1%
2 $165K$173.5K
+5.2%
3 $204.9K$245K
+19.6%
4 $311.6K$284K
-8.9%
5+ $344.9K$359.6K
+4.3%

Summary: Chattanooga Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Chattanooga Valley
+16.7%
Lookout Mountain
+16.2%
Flintstone
+14.5%
Rossville
+9.0%
Rossville-Beverly Hills
+3.0%

Housing Supply in Chattanooga Valley, GA

How many homes are available in Chattanooga Valley, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8071-11.3%

Summary: The Chattanooga Valley real estate market had 71 homes for sale in October 2024, a 11.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1112
+9.1%
3 4038
-5.0%
4 2417
-29.2%
5+ 31
-66.7%

Summary: The Chattanooga Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 29.2%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2711-59.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chattanooga Valley, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Chattanooga Valley in October 2024, down by 59.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.

Days on Market for Chattanooga Valley, GA

How long does it take to sell a home in Chattanooga Valley, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
3 Days6 Days+77.1%

Summary: Homes in Chattanooga Valley had an average of 6 days on market in Oct 2024, up by 77.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chattanooga Valley are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in Chattanooga Valley; 45% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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