property
Chattanooga Quarterly Home Prices Rise 3.9 Percent Over Same Period Last Year
Second-quarter median sale prices reached $312,450 this year compared with $300,800 in the same three months of 2025.
How we reported this
Median home prices in Chattanooga climbed 3.9 percent in the second quarter of 2026 when measured against the same stretch last year.
The increase arrives as mortgage rates hover near 6.4 percent and inventory remains tight across Hamilton County. Buyers who locked in purchases between April and June paid more for fewer listings than they would have twelve months earlier, pushing the local market into firmer territory even while national headlines focused on trade policy and defense spending.
Neighborhood sales patterns
Properties along Walnut Street in the North Shore area moved at a median of $385,000, up 4.7 percent from last year, while homes in the St. Elmo neighborhood near the base of Lookout Mountain averaged $278,000, a 3.2 percent gain. The Chattanooga Area Association of Realtors recorded 612 closed transactions in the quarter, down 8 percent from the prior year but still above pre-pandemic levels for the same calendar window.
Data released July 8 by the local multiple listing service showed average days on market at 27, three days shorter than the 2025 figure. Single-family homes accounted for 78 percent of sales, with the remainder split between condos near the Riverfront and townhomes in the Southside district.
Next steps for buyers and sellers
Sellers who list before Labor Day should expect offers within the first two weeks if the home is priced within 2 percent of recent comps on Broad Street or Frazier Avenue. Prospective buyers are advised to obtain pre-approval letters before touring properties listed through the Chattanooga MLS, as multiple offers remain common on homes under $350,000. Agents at the association recommend checking updated tax assessments on the Hamilton County website before making offers to avoid surprises at closing.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.