Is Chattanooga Valley, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chattanooga Valley has remained a Seller's Market.
Housing Prices in Chattanooga Valley, GA
How much do homes in Chattanooga Valley, GA cost?
Median Sold Price
$247,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chattanooga Valley was $247,000 in April 2024, up 26.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $150K | +33.9% |
2 Bedrooms | $155K | $163.5K | +5.5% |
3 Bedrooms | $204.5K | $240K | +17.4% |
4 Bedrooms | $249K | $306.5K | +23.1% |
5+ Bedrooms | $227.5K | $337.8K | +48.5% |
Summary: Chattanooga Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 48.5%.
Median Sold Price Compared To Nearby Cities
Chattanooga Valley | $195K | $247K | +26.7% |
Rossville | $195K | $227.9K | +16.9% |
Flintstone | $290K | $315.5K | +8.8% |
Rossville-Beverly Hills | $182.5K | $186K | +1.9% |
Housing Supply in Chattanooga Valley, GA
How many homes are available in Chattanooga Valley, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 81 | -3.6% |
Summary: The Chattanooga Valley real estate market had 81 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 38 | 41 | +7.9% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Chattanooga Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 15 | -37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Chattanooga Valley in April 2024, down by 37.5% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 30 Days | +412.5% |
Summary: Homes in Chattanooga Valley had an average of 30 days on market in Apr 2024, up by 412.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Chattanooga Valley; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.