$4,214 Closing Credit*
$354,900
2,200 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jeffrey E Apple, Listing Office: BHHS Professional Realty
Is Covington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Covington has remained a Seller's Market.
Key Takeaway
Covington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Covington, OH
How much do homes in Covington, OH cost?
Median Sold Price
$179,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,951(-7.2%)
Key Takeaway
Homes in Covington have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Covington was $179,500 in November 2024, down 7.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179.9K | N/A |
| 2 Bedrooms | $122.7K | $152.4K | +24.2% |
| 3 Bedrooms | $178K | $206K | +15.7% |
| 4 Bedrooms | $230.5K | $231K | 0.2% |
| 5+ Bedrooms | $445K | $217.5K | -51.1% |
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 increased by 24.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 51.1%.
Median Sold Price Compared To Nearby Cities
| Covington | $193.4K | $179.5K | -7.2% |
| Newberry Township | $175.9K | $157.7K | -10.3% |
Housing Supply in Covington, OH
How many homes are available in Covington, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The Covington real estate market had 8 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Covington, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Covington in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Covington, OH
We’re sorry, we don't have information for this market at the moment
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