Is Chattanooga Valley, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chattanooga Valley is a seller's market

Buyer's
Market

Difference Since April 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

$247,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$52,000(+26.7%)

Key Takeaway

Homes in Chattanooga Valley have sold for 26.7% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $112K$150K
+33.9%
2 $155K$163.5K
+5.5%
3 $204.5K$240K
+17.4%
4 $249K$306.5K
+23.1%
5+ $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
+26.7%
Rossville
+16.9%
Flintstone
+8.8%
Rossville-Beverly Hills
+1.9%

Housing Supply in Chattanooga Valley, GA

How many homes are available in Chattanooga Valley, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8481-3.6%

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

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 98
-11.1%
3 3841
+7.9%
4 2421
-12.5%
5+ 108
-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 2024Apr 2024CHANGE
2415-37.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chattanooga Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
6 Days30 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chattanooga Valley are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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