How much is a home in 37405 worth?

The typical home value in 37405 is $453,990 as of 2026-08-01, up 0.6% over the past year. The median list price is $450,000.

How long does it take to sell a home in 37405?

Homes in 37405 are spending a median of 75 days on the market as of 2026-08-01. That is a measured pace, so sellers should plan for some patience.

Are sellers cutting prices in 37405?

Yes. As of 2026-08-01, 21.5% of listings in 37405 have had a price cut, which suggests some sellers are starting above what buyers will pay.

Market Intelligence · TN / Chattanooga

Chattanooga, TN 37405 Housing Market

In Chattanooga, TN 37405, the typical home value is $453,990, up 0.6% over the past year as of 2026-08-01. The median list price stands at $450,000, and homes are spending a median of 75 days on the market.

Updated August 2026Median value$454K

The median home value in Chattanooga, TN 37405 is $454K as of August 2026, up 0.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 37405 range

$418K to $490K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.6% over 12 months

Aug 2025$451K

Low $451KHigh $456K

Aug 2026$454K

The numbers

What is the 37405 housing market like?

As of August 2026

Typical home value

$454K

0.6%YoY

Median list price

$450K

0.6%MoM

Days on market

2.7%MoM

Homes for sale

168

2.3%MoM

Price cuts

21.5%

3.9%MoM

New listings

27.3%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 37405 home prices compare?

37405$453,990
Chattanooga$330,752
Tennessee$270,768
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Chattanooga: 15 ZIPs; Tennessee: 587 ZIPs; United States: 26,265 ZIPs).

Context

The 37405 market in Chattanooga is moving slowly. As of 2026-08-01, there are 168 homes for sale, with 32 new listings coming on. The median days on market is 75, so sellers should expect a longer timeline than a fast market would offer. Meanwhile, 21.5% of listings have taken a price cut, even as the typical home value of $453,990 has held nearly flat, up 0.6% over the past year. For a seller, the honest takeaway is that pricing right from the start matters more than testing high and cutting later.

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