Chattanooga Housing Market Update: Inventory Up, Prices Steady
Chattanooga, TN – March 6, 2026 – Inventory is rising and median sale prices are holding near $330K; buyers have more options ahead of spring.
Inventory is expanding while prices remain relatively steady in Chattanooga, TN, based on the Greater Chattanooga REALTORS® January 2026 snapshot (current as of Feb. 11). With spring approaching, the data points to a market where shoppers can compare more homes, while sellers may need to pay closer attention to pricing and presentation.
Top takeaways (January 2026)
- Homes for sale: 3,317 (+21.6% YoY), signaling a notable rise in available inventory.
- Median sales price: $330K (+1.5% YoY). Days on market: 63 (+12.5%), indicating homes are taking longer to sell on average.
- New listings: 1,407 (+15.5%) and pending sales: 823 (+8.9%), suggesting demand remains active even as selection grows.
- Months of supply: 3.8 (up from 3.2 a year ago), giving buyers a bit more leverage than last year.
Market snapshot
Closed sales were essentially flat to slightly lower at 575 (-1.9% YoY). That kind of soft-to-steady movement is often consistent with seasonal patterns as the market transitions toward spring. In practical terms, rising inventory can change the feel of the market: buyers may spend more time comparing neighborhoods, layouts, and condition, while sellers may see fewer “instant yes” decisions if similar homes are competing nearby.
For sellers, the main takeaway is that more options can raise the bar on value and presentation. For buyers, additional inventory can make it easier to stay selective—especially when months of supply is moving higher than last year.
What’s for sale (quick scan)
Major portals are showing roughly 1,200+ active results citywide, with a median list price around $360K. Recent postings range from value-focused homes near $200K to higher-end condos and updated houses above $500K. For shoppers tracking the day-to-day market, this mix can create very different “micro-markets” depending on price point and property type.
What are you seeing right now: more price cuts, more bidding wars, or a slower pace?