$8,010 Closing Credit*
$674,500
2,120 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Realty
Is South Chattanooga, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, South Chattanooga has remained a Seller's Market.
Key Takeaway
South Chattanooga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Chattanooga, TN
How much do homes in South Chattanooga, TN cost?
Median Sold Price
$259,166
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$9,833(-3.7%)
Key Takeaway
Homes in South Chattanooga have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in South Chattanooga was $259,166 in December 2024, down 3.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $230K | -32.4% |
| 2 Bedrooms | $194K | $229K | +18.0% |
| 3 Bedrooms | $238.5K | $246.9K | +3.5% |
| 4 Bedrooms | $307K | $415K | +35.2% |
| 5+ Bedrooms | $327.5K | $780K | +138.2% |
Summary: South Chattanooga housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes increased by 138.2%.
Housing Supply in South Chattanooga, TN
How many homes are available in South Chattanooga, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 79 | 69 | -12.7% |
Summary: The South Chattanooga real estate market had 69 homes for sale in December 2024, a 12.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 40 | 32 | -20.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The South Chattanooga housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 | 16 | -33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Chattanooga, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in South Chattanooga in December 2024, down by 33.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for South Chattanooga, TN
How long does it take to sell a home in South Chattanooga, TN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 33 Days | +60.2% |
Summary: Homes in South Chattanooga had an average of 33 days on market in Dec 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Chattanooga are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in South Chattanooga; 31% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2025 of the REALTRACS MLS. All rights Reserved.