Is Covington, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Covington has remained a Seller's Market.
How much do homes in Covington, WA cost?
Median Sold Price
$635,700
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
Median Sold Price By Bedroom Count
# BEDS | May 2021 | May 2022 | % |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $425K | +70.0% |
3 Bedrooms | $450K | $555K | +23.3% |
4 Bedrooms | $592.5K | $702.4K | +18.6% |
5+ Bedrooms | $620K | $760K | +22.6% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Enumclaw Plateau | +27.0% |
Maple Valley | +25.9% |
Tahoma-Maple Valley | +23.4% |
Covington | +22.3% |
Kent | +22.3% |
How many homes are available in Covington, WA?
Number of Homes For Sale
Apr 2022 | May 2022 | % |
---|---|---|
124 | 135 | +8.9% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2022 | May 2022 | % |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 44 | 42 | -4.5% |
4 Bedrooms | 58 | 68 | +17.2% |
5+ Bedrooms | 17 | 19 | +11.8% |
Number of Homes Sold
Apr 2022 | May 2022 | % |
---|---|---|
46 | 56 | +21.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Average Sale Time
May 2021 | May 2022 | % |
---|---|---|
11 Days | 8 Days | -25.2% |
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days