$4,572 Closing Credit*
$384,999
1,641 SqFt
4 Beds
•2 Full Baths
Brooke Dunbar, Listing Office: EXP 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 November 2023
At the same time last year, Covington-Porterdale was a Seller's Market.
Key Takeaway
Covington-Porterdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Covington-Porterdale, GA
How much do homes in Covington-Porterdale, GA cost?
Median Sold Price
$300,314
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,292(+1.8%)
Key Takeaway
Homes in Covington-Porterdale have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Covington-Porterdale was $300,314 in November 2024, up 1.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $190K | -58.7% |
| 2 Bedrooms | $217.4K | $190K | -12.6% |
| 3 Bedrooms | $270K | $269.9K | 0% |
| 4 Bedrooms | $328.9K | $335K | +1.9% |
| 5+ Bedrooms | $422.9K | $410.8K | -2.9% |
Summary: Covington-Porterdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.7%, 2 bedroom homes decreased by 12.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| South Newton | $296.4K | $309.9K | +4.5% |
| Covington | $300K | $309.9K | +3.3% |
| Covington-Porterdale | $295K | $300.3K | +1.8% |
| Oxford | $400K | $385K | -3.8% |
Housing Supply in Covington-Porterdale, GA
How many homes are available in Covington-Porterdale, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 560 | 587 | +4.8% |
Summary: The Covington-Porterdale real estate market had 587 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 31 | 28 | -9.7% |
| 3 Bedrooms | 262 | 269 | +2.7% |
| 4 Bedrooms | 168 | 191 | +13.7% |
| 5+ Bedrooms | 97 | 97 | 0.0% |
Summary: The Covington-Porterdale 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 9.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 73 | -28.4% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 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. 60% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Covington-Porterdale in November 2024, down by 28.4% month-over-month. Of the 65 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 53 Days | +39.3% |
Summary: Homes in Covington-Porterdale had an average of 53 days on market in Nov 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Covington-Porterdale has remained consistent over time.
Summary: During November 2024, 73 homes were sold in Covington-Porterdale; 36% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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