Is Covington-Porterdale, GA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Covington-Porterdale is a buyer's market


Difference Since June 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



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in Covington-Porterdale have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Covington-Porterdale was $304,365 in June 2024, up 2.4% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $82.5K$420K
2 $205.9K$212.5K
3 $270K$274.9K
4 $339.7K$330K
5+ $427.5K$413K

Summary: Covington-Porterdale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 409.1%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Cities

South Newton

Housing Supply in Covington-Porterdale, GA

How many homes are available in Covington-Porterdale, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Covington-Porterdale real estate market had 582 homes for sale in June 2024, a 8.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 35
2 3229
3 213254
4 198203
5+ 8991

Summary: The Covington-Porterdale housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.2%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Covington-Porterdale, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 66 homes were sold or pending in Covington-Porterdale in June 2024, down by 43.6% month-over-month. Of the 60 sold homes, 40% were sold under asking, 42% were sold at asking, and 18% 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

Jun 2023Jun 2024CHANGE
29 Days29 Days+1.1%

Summary: Homes in Covington-Porterdale had an average of 29 days on market in Jun 2024, up by 1.1% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Covington-Porterdale are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 66 homes were sold in Covington-Porterdale; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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