$3,859 Closing Credit*
$325,000
2,146 SqFt
4 Beds
•3 Full Baths
Scarlet Torok, Listing Office: Real Broker LLC
Is Covington, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Covington was a Seller's Market.
Key Takeaway
Covington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Covington, GA
How much do homes in Covington, GA cost?
Median Sold Price
$309,998
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,998(+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 $309,998 in December 2024, up 3.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $215K | $201.2K | -6.4% |
| 3 Bedrooms | $275K | $272.5K | -0.9% |
| 4 Bedrooms | $327.1K | $340K | +3.9% |
| 5+ Bedrooms | $399.2K | $400K | 0.2% |
Summary: Covington housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Covington | $300K | $309.9K | +3.3% |
| Covington-Porterdale | $293.9K | $300.5K | +2.2% |
| Oxford | $398.5K | $385K | -3.4% |
Housing Supply in Covington, GA
How many homes are available in Covington, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 592 | 615 | +3.9% |
Summary: The Covington real estate market had 615 homes for sale in December 2024, a 3.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 250 | 250 | 0.0% |
| 4 Bedrooms | 223 | 242 | +8.5% |
| 5+ Bedrooms | 91 | 95 | +4.4% |
Summary: The Covington housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 87 | 97 | +11.5% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Covington, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in Covington in December 2024, up by 11.5% month-over-month. Of the 89 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 45 Days | 58 Days | +28.6% |
Summary: Homes in Covington had an average of 58 days on market in Dec 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Covington has remained consistent over time.
Summary: During December 2024, 97 homes were sold in Covington; 36% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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