Market Intelligence · TN / Chattanooga

Chattanooga, TN 37408 Housing Market

The typical home value in Chattanooga's 37408 ZIP is $399,717, down 4.3% over the past year. The median list price sits at $419,725, with homes staying on the market for a median of 105 days as of September 2026.

Updated September 2026Median value$400K

The median home value in Chattanooga, TN 37408 is $400K as of September 2026, down 4.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 37408 range

$368K to $432K

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

-4.3% over 12 months

Typical home value in 37408 over the last 12 months: $418K in Sep 2025 to $400K in Sep 2026 (-4.3%).

Sep 2025$418K

Sep 2026$400K

The numbers

What is the 37408 housing market like?

Typical home value

$400K

Down4.3%YoY

Median list price

$420K

Down0.6%MoM

Days on market

105

Up10.5%MoM

Homes for sale

60

Down6.2%MoM

Price cuts

23.4%

Up116.7%MoM

New listings

14

Up75.0%MoM

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

The outlook

37408 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 37408 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 37408 fell 4.3%, per the Zillow Home Value Index.

Will home prices drop in 37408?

Zillow's forecast does not call for a drop: it expects typical home values in 37408 to rise 0.8% by September 2027, after a 4.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 37408 home prices compare?

  • 37408$399,717
  • Chattanooga$325,510
  • Tennessee$265,881
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Chattanooga: 15 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

The 37408 area is showing signs of a slower market. With 60 homes for sale and only 14 new listings in September 2026, inventory is modest. The median time on market of 105 days indicates homes are taking longer to sell than they might in a faster market. Additionally, 23.4% of listings have seen a price cut, suggesting sellers are adjusting to soften demand. If you are considering selling, expect that buyers will have more time to shop and may negotiate harder than they would have a year ago.

Monthly payment

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20% · $79,943

Common questions

What people ask us.

What is the typical home value in 37408?

The typical home value is $399,717 as of September 2026, down 4.3% over the past year.

How long do homes typically stay on the market in 37408?

Homes stay on the market for a median of 105 days as of September 2026.

How many homes are currently for sale in 37408?

There are 60 homes for sale as of September 2026.

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