Everything you see here is reliable but not guaranteed. I try to liven 'em up but if you aren't truly interested in Ooltewah, you might want to skip the snoozefest. This report covers ZIP code 37363 as reported to the Chattanooga MLS.
Ooltewah Real Estate Sales (All prices)
All active listings: 393
Pending or contingent listings (under contract): 57
Residential listings closed (sold) during the past month: 31
Number of months to sell current actives at last month's sales pace: 12.7
Under $200,000
Active, residential listings: 140
Pending or contingent listings: 25
Residential listings closed during the last month: 19
Number of months to sell current actives at last month's sales pace: 7.37
$200,000-400,000
Active, residential listings: 190
Pending or contingent listings: 26
Residential listings closed during the last month: 12
Number of months to sell current actives at last month's sales pace: 15.8
Over $400,000
Active, residential listings: 63
Pending or contingent listings: 6
Residential listings closed during the last month: A big 'ol goose egg
Number of months to sell current actives at last month's sales pace: Infinity (and beyond?)
Like the rest of the upper end real estate market around Chattanooga, Ooltewah is still hurting. The fact that, if you can find something for less than $200k, you can sell it pretty quickly is a reflection that people want to live in Ooltewah. But with the biggest part of the buying public these days being first time buyers, that huge house in Hampton Creek or Windstone just isn't attracting buyers very quickly. I think it's going to be a while before we see the upper end market improving. Until it does, Ooltewah is going to keep hurting. Of course, that means that if you are looking to buy in the $350,000 and up range, you'll have lots of choices and perhaps more negotiating room than in days gone by.
Check out Ooltewah homes for sale if you think you might want to live here.
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