How much is a home in 37408 worth?

The typical home value in 37408 is $403,356, down 3.2% over the past year.

How long does it take to sell a home in 37408?

Homes in 37408 are spending a median of 95 days on market. Sellers should expect a slower pace than in a hot market.

Are sellers cutting prices in 37408?

Yes. About 10.8% of listings in 37408 have had a price cut, and the median list price is $422,350.

Market Intelligence · TN / Chattanooga

Chattanooga, TN 37408 Housing Market

The typical home value in Chattanooga, TN 37408 is $403,356, down 3.2% over the past year. The median list price is $422,350, and homes are spending a median of 95 days on market.

Updated August 2026Median value$403K

The median home value in Chattanooga, TN 37408 is $403K as of August 2026, down 3.2% 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 37408 range

$371K to $436K

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

-3.2% over 12 months

Aug 2025$417K

Low $403KHigh $419K

Aug 2026$403K

The numbers

What is the 37408 housing market like?

As of August 2026

Typical home value

$403K

3.2%YoY

Median list price

$422K

1.6%MoM

Days on market

28.4%MoM

Homes for sale

9.9%MoM

Price cuts

10.8%

29.3%MoM

New listings

100.0%MoM

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

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The comparison

How do 37408 home prices compare?

37408$403,356
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

Sellers in 37408 are listing at a median of $422,350, but the typical home value of $403,356 sits below that, and values are down 3.2% over the past year. There are 64 homes for sale with only 8 new listings coming on, so inventory is not flooding in. Still, a median of 95 days on market means buyers have time to negotiate. Price cuts have reached 10.8% of listings, which suggests some sellers are adjusting expectations. If you are thinking about selling, plan for a slower process and price realistically from the start.

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