$2,613 Closing Credit*
$220,000
3 Beds
•2 Full Baths
Listing Office: Welch Realty, LLC
Is Covington, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Covington was a Neutral 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, TN
How much do homes in Covington, TN cost?
Median Sold Price
$191,750
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$40,250(-17.3%)
Key Takeaway
Homes in Covington have sold for 17.3% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $100K | - | N/A |
| 3 Bedrooms | $239.7K | $180K | -24.9% |
| 4 Bedrooms | $358.5K | $435K | +21.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Covington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 24.9%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes did not change.
Housing Supply in Covington, TN
How many homes are available in Covington, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 51 | +6.3% |
Summary: The Covington real estate market had 51 homes for sale in November 2024, a 6.3% increase 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
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 increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Covington, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Covington in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Covington, TN
We’re sorry, we don't have information for this market at the moment
