Is Chattanooga Valley, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chattanooga Valley was a Buyer's Market.
Housing Prices in Chattanooga Valley, GA
How much do homes in Chattanooga Valley, GA cost?
Median Sold Price
$246,666
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chattanooga Valley was $246,666 in May 2024, up 28.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $150K | +33.9% |
2 Bedrooms | $164.9K | $165.5K | 0.4% |
3 Bedrooms | $199K | $240K | +20.6% |
4 Bedrooms | $249K | $305.7K | +22.8% |
5+ Bedrooms | $357K | $344.9K | -3.4% |
Summary: Chattanooga Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Chattanooga Valley | $191.5K | $246.6K | +28.8% |
Flintstone | $276K | $319.9K | +15.9% |
Rossville | $199K | $228K | +14.6% |
Rossville-Beverly Hills | $186K | $189K | +1.6% |
Housing Supply in Chattanooga Valley, GA
How many homes are available in Chattanooga Valley, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 82 | -1.2% |
Summary: The Chattanooga Valley real estate market had 82 homes for sale in May 2024, a 1.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 41 | 35 | -14.6% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Chattanooga Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Chattanooga Valley in May 2024, down by 10.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 30 Days | +500.0% |
Summary: Homes in Chattanooga Valley had an average of 30 days on market in May 2024, up by 500% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Chattanooga Valley; 6% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.