Local Market Snapshot
Hamilton County Single Family Homes, Updated 3.11.25
*For perspective, the National Association of Realtors notes a “balanced market” is 6 months of inventory.
Greater Chattanooga Market Data, Year to Date
All Greater Chatt Counties, Residential Homes, Updated 3.11.25
| YEAR (YTD) | NEW LISTINGS | UNDER CONTRACT | SOLD HOMES |
|---|---|---|---|
Source: Greater Chatt MLS
Regional Data and Statistics
Tennessee/Chattanooga Rankings:
- Chattanooga was named the best city to live in Tennessee by US News and World Report in 2024. Nationwide, Chattanooga rose 21 spots to be ranked 27th overall best city to live in the U.S. (US News and World Report, 5.21.24)
- Chattanooga ranked “Best Place to Retire in U.S. South.” (Southern Living Magazine 9.23)
- Tennessee ranked #5 for inbound moves in 2024. Top 5 growth states are: South Carolina, Texas, North Carolina, Florida, Tennessee. (U-Haul, 1.2.2025)
- Chattanooga named the “Friendliest City” in the US. (Conde Nast Traveler, 10.28.2024)
- Chattanooga ranked America’s 3rd Best City for Food by Conde Nast in Reader’s Choice Awards. (Conde Nast Traveler, 9.10.2024)
- Chattanooga ranks second nationwide for best places to work remotely in study from TechNational, an online site that tracks technology trends. (Chattanooga Times Free Press, 5.2.2024)
Affordability:
- Tennessee has no state income tax, one of 9 states in the U.S. with this distinction. (Investopedia)
- City of Chattanooga’s 2024 median home price averages 20% below the national median. Hamilton County’s averages 10% below the national. (National Assoc. of Realtors 2.2025)
- Tennessee has the 4th lowest tax burden of all U.S. states. (Intuit Turbo Tax, 4.2024)
- Prices for goods, services and housing costs in Tennessee were 9% below the U.S. average in 2021, ranking 10th lowest in the country. (University of TN, 2023)
- “Tennessee has the second fastest-growing economy in the country thanks to its affordable real estate, job market, and recreation scene.” (Travel & Leisure Magazine 9.23)
- Home values appreciated some 10% in Greater Chattanooga 2024 to 2025 Q1. (National Association of Realtors)
- The price of homes sold in Chattanooga has more than doubled in the past 8 years, rising at an average annual rate of some 15%. (Chattanooga Times Free Press 2.2025)
- Highest price areas in Greater Chattanooga 2024 via median price:
1. Lookout Mountain $960,000
2. Signal Mountain $688,000
3. Apison $566,900
4. Collegedale $480,250
5. Ooltewah $460,000
(Chattanooga Times Free Press 2.12.25) - Home values in Tennessee appreciated 5.5% (2023-2024 Q4). Values appreciated 67.8% since COVID arrival (2020 Q1 to 2024 Q4). (National Association of Realtors)
Speed of Sales:
- Nationwide, the average days on the market for a single-family home is 63. Hamilton County/Chattanooga is 44 days. (GCAR 1.2025)
- In early 2025, the average single-family home in Hamilton County Chattanooga sold in 44 days, 14 days longer than in 2023. A decade ago, the average Chattanooga area home on the market took 4 months to sell. (GCAR 1.2025)
Local Inventory:
- Hamilton County’s population is expected to near a half million residents over the next 40 years, creating demand for 46,000 new housing units in the next 20 years. (Chattanoogan.com 3.2.2024)
- The number of residential building permits granted in Hamilton County in 2024 rose by nearly 12.8% from 2023 — the second-highest year in the past two decades. (Chattanooga Times Free Press 2.12.25)
- There is a housing shortage nationally and in Greater Chattanooga. A historically balanced market averages = 6 months of inventory. Hamilton County inventory currently averages = 2.9 months. Nationwide inventory averages = 3.6 months. (GCAR, 1.2025)
Interest Rates:
- A 30-year fixed-rate mortgage averaged 6.5-7.5% in Q-1 2025. A year ago, the average rate was 7.62%. The lowest annual average rate in U.S. history was 2.65% in January 2021. The highest average annual rate was 16.63% in 1981. (MPA Magazine, 6.2023; Chattanooga Times Free Press 2.12.25)
Updated 3.5.25
Our Team. Your Resource.
While today’s real estate climate is dynamic nationwide, the Tri-State region of Greater Chattanooga is known for its historical stability and steady growth. Our Team is here to help you analyze, navigate, and maximize the current market. It’s our privilege to put to work our 3 decades of experience to assist you in reaching your short and long-term goals.
Here to serve you at (423) 413-4507 or info@ToddHenon.com.
Honored to be your real estate resource,
Todd Henon
Broker-Agent: TN, GA, AL
Top 1% Greater Chattanooga Realtors
Chattanooga’s First Accredited Land Consultant
3 Decades Serving in Tri-State Real Estate
423.413.4507
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