Local Market Snapshot
Hamilton County Single Family Homes
*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
| 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 9.2023)
- Tennessee ranked #4 for inbound moves in 2025, the 3rd consecutive year in the Top 5. The 2025 Top 5 states for inbound moves: Texas, Florida, North Carolina, Tennessee, South Carolina. (U-Haul, 1.7.2026)
- In 2025, Tennessee’s population growth slowed to its lowest pace since 2020, yet it still ranks among the fastest-growing states in the nation. (U.S. Census Bureau, 2025)
- Chattanooga named the “Friendliest City” in the US. (Conde Nast Traveler, 10.28.2024)
- Chattanooga named the 1st “National Park City” in North America. (Chattanooga Times Free Press, 4.4.25)
- Chattanooga ranked “America’s 3rd Best City for Food” by Conde Nast in Reader’s Choice Awards. (Conde Nast Traveler, 9.10.2024)
- Chattanooga ranked 2nd 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)
- Tennessee ranked 2nd most-searched state for relocation, while Chattanooga ranks 20th most-searched City for relocation. (U.S. News & World Report, 5.2025)
- Signal Mountain ranked 2nd Safest City in Tennessee. (Safewise, 3.2025)
Affordability:
- Tennessee has no state income tax, one of 9 states in the U.S. with this distinction. (Investopedia)
- 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)
- Average Age of First-Time Homebuyers Nationwide:
- 2025: 40 years old
- 2021: 33 years old
- 1992: 28 years old (Natl Assoc of Realtors, 2026)
- In 2026, 5% more homes have sold YTD compared to 2025 YTD (GCAR 10.2026)
- From 2019 to 2025, home values have increased 73% in Greater Chattanooga, making it a Top 10 U.S. city for real estate appreciation. (Realtor.com 11.2025)
- 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)
Speed of Sales:
- Today, homes are spending an average of 15 more days on market than in 2024.
- In November 2026, Hamilton County single-family homes sold in an average of 54 days, 8 days longer than November 2025, but 5 days faster than the national average of 59 days. (GCAR 11.2026, Hamilton County Single Family Homes)
Local Inventory:
- There are 14.95% more homes for sale in 2026 compared to the 2024 market, with homes in 2026 getting 95.8% of asking price vs. 96.4% in 2024, making data-based pricing critical.
Interest Rates:
- 30-year fixed-rate mortgages are hovering around 7.18%. Rates averaged 6.5-7.5% in 2025. 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. (Freddie Mac 11.2026)
Updated 9.4.26
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: (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 Tri-State Real Estate
423.413.4507
Redefining excellence and professionalism in real estate services.
