Market Intelligence · TN / Chattanooga

Chattanooga, TN 37407 Housing Market

In 37407, the typical home value is $127,674, down 4.9% over the past year. The median list price is $220,950, and homes spend a median of 93 days on market. That points to softer conditions than a year ago.

Updated August 2026Median value$128K

The median home value in Chattanooga, TN 37407 is $128K as of August 2026, down 4.9% 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 37407 range

$117K to $138K

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

-4.9% over 12 months

Typical home value in 37407 over the last 12 months: $134K in Aug 2025 to $128K in Aug 2026 (-4.9%).

Aug 2025$134K

Aug 2026$128K

The numbers

What is the 37407 housing market like?

Typical home value

$128K

Down4.9%YoY

Median list price

$221K

Down1.0%MoM

Days on market

93

Up31.0%MoM

Homes for sale

14

Down17.6%MoM

Price cuts

33.3%

Up49.6%MoM

New listings

0

Down100.0%MoM

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

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The comparison

How do 37407 home prices compare?

  • 37407$127,674
  • 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

Inventory is thin, with 14 homes for sale and 0 new listings. Even so, buyers are not moving quickly: the median days on market is 93. Sellers have already adjusted, with 33.3% of listings carrying a price cut. The typical home value is $127,674, down 4.9% over the past year, while the median list price is $220,950. For a seller, the honest read is that pricing has to meet a cautious market, not test it.

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