Is Covington, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Covington has remained a Seller's Market.
Housing Prices in Covington, IN
How much do homes in Covington, IN cost?
Median Sold Price
$202,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Covington was $202,000 in April 2024, up 18.8% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.5K | $77.5K | +2.6% |
2 Bedrooms | $152.5K | $140K | -8.2% |
3 Bedrooms | $170K | $205.3K | +20.8% |
4 Bedrooms | $250K | $252K | +0.8% |
5+ Bedrooms | - | $595K | N/A |
Summary: Covington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Covington | $170K | $202K | +18.8% |
Troy Township | $230K | $195K | -15.2% |
Housing Supply in Covington, IN
How many homes are available in Covington, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The Covington real estate market had 19 homes for sale in April 2024, a 5.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Covington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Covington in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Covington, IN
How long does it take to sell a home in Covington, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 70 Days | +10.1% |
Summary: Homes in Covington had an average of 70 days on market in Apr 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Covington; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.