$40,000
1.88 Acres
Land
James Brightwell, Listing Office: Keller Williams Realty Atl. Partners
Is Covington, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Covington was a Seller's Market.
Key Takeaway
Covington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Covington, GA
How much do homes in Covington, GA cost?
Median Sold Price
$309,912
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,912(+3.3%)
Key Takeaway
Homes in Covington have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Covington was $309,912 in November 2024, up 3.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $217.4K | $195K | -10.3% |
| 3 Bedrooms | $274.9K | $275K | 0.0% |
| 4 Bedrooms | $328.2K | $335K | +2.1% |
| 5+ Bedrooms | $399.4K | $402.5K | +0.8% |
Summary: Covington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Covington | $300K | $309.9K | +3.3% |
| Covington-Porterdale | $295K | $300.3K | +1.8% |
| Oxford | $400K | $385K | -3.8% |
Housing Supply in Covington, GA
How many homes are available in Covington, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 616 | 664 | +7.8% |
Summary: The Covington real estate market had 664 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 272 | 278 | +2.2% |
| 4 Bedrooms | 213 | 249 | +16.9% |
| 5+ Bedrooms | 99 | 107 | +8.1% |
Summary: The Covington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 85 | -16.7% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Covington, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in Covington in November 2024, down by 16.7% month-over-month. Of the 78 sold homes, 62% were sold under asking, 26% were sold at asking, and 13% were sold over asking.
Days on Market for Covington, GA
How long does it take to sell a home in Covington, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 52 Days | +52.6% |
Summary: Homes in Covington had an average of 52 days on market in Nov 2024, up by 52.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Covington has remained consistent over time.
Summary: During November 2024, 85 homes were sold in Covington; 35% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.