Is Chattanooga Valley, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chattanooga Valley has remained a Seller's Market.
Key Takeaway
Chattanooga Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chattanooga Valley, GA
How much do homes in Chattanooga Valley, GA cost?
Median Sold Price
$240,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chattanooga Valley have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Chattanooga Valley was $240,000 in March 2024, up 23.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $150K | +33.9% |
| 2 Bedrooms | $155K | $165K | +6.5% |
| 3 Bedrooms | $199K | $230K | +15.6% |
| 4 Bedrooms | $258K | $305.5K | +18.4% |
| 5+ Bedrooms | $230K | $325K | +41.3% |
Summary: Chattanooga Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 41.3%.
Median Sold Price Compared To Nearby Cities
| Lookout Mountain | $398K | $530K | +33.2% |
| Chattanooga Valley | $195K | $240K | +23.1% |
| Rossville | $191.1K | $224.9K | +17.7% |
| Rossville-Beverly Hills | $182.2K | $193K | +5.9% |
| Flintstone | $290K | $305K | +5.2% |
Housing Supply in Chattanooga Valley, GA
How many homes are available in Chattanooga Valley, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 86 | +28.4% |
Summary: The Chattanooga Valley real estate market had 86 homes for sale in March 2024, a 28.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 33 | 38 | +15.2% |
| 4 Bedrooms | 17 | 26 | +52.9% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Chattanooga Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 52.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 20 | +122.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chattanooga Valley, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Chattanooga Valley in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 65% were sold under asking, 30% were sold at asking, and 5% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 43 Days | +42.8% |
Summary: Homes in Chattanooga Valley had an average of 43 days on market in Mar 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chattanooga Valley has remained consistent over time.
Summary: During March 2024, 20 homes were sold in Chattanooga Valley; 10% of homes were sold within 30 days, 15% 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.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Based on information from the Georgia MLS © 2024. 
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.