Is Covington, OH a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Covington is a seller's market


Difference Since November 2021

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.

How much do homes in Covington, OH cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2021


Key Takeaway

Homes in Covington have sold for 2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
2 $136.4K$123K
3 $152K$182K
4 $163.9K$162.4K
5+ -$149.5K

Median Sold Price Compared To Nearby Cities

Newberry Township

How many homes are available in Covington, OH?

Number of Homes For Sale

Oct 2022Nov 2022%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
2 00
3 24
4 21
5+ 11

Number of Homes Sold

Oct 2022Nov 2022%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Nov 2021Nov 2022%
87 Days79 Days-9.2%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Covington has remained consistent over time.

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

About Covington, OH

There are 6 homes are for sale in Covington, OH real estate market. The inventory of homes for sale in Covington, OH between October 2022 and November 2022 increased by 20%. In November 2022 median list price was $154,000 and the average listing age was 79 days. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 9.8% more cheaper, prices of 3 bedrooms properties increased by 19.7%, the cost of 4 bedrooms properties went down by 0.9%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory increased by 100%, volume of 4 bedrooms homes went down by 50%, volume of 5 bedrooms homes stayed the same. In November 2022, from all listings sold in Covington, OH there were more than 0 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.