Comfortably nestled along the Tennessee River, Chattanooga is home to numerous museums, aquariums, and historical sights. Let’s learn more about Chattanooga’s trending neighborhoods and examine real estate market developments.
Neighborhoods
As a sizable urban center, Chattanooga offers a vast selection of communities to settle down, with Downtown Chattanooga, Bainerd, and Hixson standing out among this year’s popular neighborhoods.
Downtown Chattanooga, also known as City Center, epitomizes urban living with its proximity to cultural attractions, entertaining theaters, and restaurants with riverfront views. And with numerous parks and scenic hiking trails, this neighborhood provides an oasis of natural tranquility amid the urban bustle. From charming vintage lofts to sleek contemporary condos, City Center offers an eclectic mix of housing options.
The Brainerd neighborhood encompasses a unique blend of history, diversity, and community spirit. Explore charming streets, local shops, and lush parks in this welcoming enclave. Centrally located in the heart of Chattanooga, Brainerd is a hub for both commuters and leisure-seekers alike. And with an assortment of housing, Brainerd offers options for every preference, budget, and family size.
Hixson, home to picturesque lakefront parks and yacht clubs, offers a tranquil lifestyle with abundant outdoor activities such as fishing, camping, and more. Enjoying close proximity to Downtown Chattanooga, Hixson combines suburban Southern charm with easy access to urban conveniences. Its diverse housing options include townhouses, single-family homes, and everything in between.
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Real Estate Market Developments
Despite the many appeals of living in Chattanooga, its real estate market is not especially competitive. This presents an opportune moment for prospective buyers to capitalize on before conditions change. As of February 2024, the median sale price of a home in Chattanooga stands at $310,000, marking a 4.1% increase since 2023.
Typically garnering about two offers per listing, homes in Chattanooga enter pending status within approximately 53 days. According to a February 16th, 2024, article from Norada Real Estate Investments, the local real estate market is currently stable, aligned with buyer demand, and witnessing a gradual rise in home prices. These key factors suggest a positive trajectory for the Chattanooga housing market in the foreseeable future.
Looking to make the move to Tennessee? Check out eight luxury homes currently on the Tennessee market.
