Covington, GA

Buyer's market-3.3% YoY

Housing market overview · Updated weekly

$327,900median sale price

Homes sold

25

Last 12 weeks

Days on market

103

Average pace

Active listings

125

5.0 months supply

Sale-to-list

94.3%

Below asking

The Covington housing market is currently classified as a buyer's market with a median sale price of $327,900. Prices have fallen 3.3% compared to last year, with homes spending an average of 103 days on market, indicating 5.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

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Frequently asked questions

What is the average home price in Covington?

The median home sale price in Covington is $327,900, down 3.3% from last year.

How long do homes stay on market in Covington?

Homes typically spend 103 days on market before going under contract.

Is Covington a buyer's or seller's market?

With 5.0 months of supply, Covington is currently a buyer's market.

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