$3,266 Closing Credit*
$275,000
1,413 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cornelius Williams, Listing Office: Rock River Realty, LLC.
Is Covington-Porterdale, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Covington-Porterdale was a Seller's Market.
Key Takeaway
Covington-Porterdale 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-Porterdale, GA
How much do homes in Covington-Porterdale, GA cost?
Median Sold Price
$300,986
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,986(+2.0%)
Key Takeaway
Homes in Covington-Porterdale have sold for 2% more than they did a year ago.
Summary: The median home sold price in Covington-Porterdale was $300,986 in October 2024, up 2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $217.4K | $190K | -12.6% |
| 3 Bedrooms | $269.9K | $270K | 0.0% |
| 4 Bedrooms | $332.3K | $329.9K | -0.7% |
| 5+ Bedrooms | $427.5K | $409.6K | -4.2% |
Summary: Covington-Porterdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| South Newton | $299.9K | $309.9K | +3.4% |
| Covington | $300K | $309.9K | +3.3% |
| Covington-Porterdale | $295K | $300.9K | +2.0% |
| Oxford | $398.5K | $400K | 0.4% |
| Porterdale | $240K | $199.9K | -16.7% |
Housing Supply in Covington-Porterdale, GA
How many homes are available in Covington-Porterdale, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 572 | 617 | +7.9% |
Summary: The Covington-Porterdale real estate market had 617 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 256 | 288 | +12.5% |
| 4 Bedrooms | 192 | 189 | -1.6% |
| 5+ Bedrooms | 90 | 106 | +17.8% |
Summary: The Covington-Porterdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 17.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 107 | 102 | -4.7% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Covington-Porterdale, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.
Summary: A total of 102 homes were sold or pending in Covington-Porterdale in October 2024, down by 4.7% month-over-month. Of the 90 sold homes, 41% were sold under asking, 40% were sold at asking, and 19% were sold over asking.
Days on Market for Covington-Porterdale, GA
How long does it take to sell a home in Covington-Porterdale, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 52 Days | +115.5% |
Summary: Homes in Covington-Porterdale had an average of 52 days on market in Oct 2024, up by 115.5% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Covington-Porterdale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 102 homes were sold in Covington-Porterdale; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% 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.