Is Covington-Porterdale, GA 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-Porterdale has remained a Seller's Market.
Housing Prices in Covington-Porterdale, GA
How much do homes in Covington-Porterdale, GA cost?
Median Sold Price
$300,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Covington-Porterdale was $300,000 in April 2024, up 0.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | $420K | +409.1% |
2 Bedrooms | $202K | $223K | +10.4% |
3 Bedrooms | $270K | $275K | +1.9% |
4 Bedrooms | $343.5K | $328K | -4.5% |
5+ Bedrooms | $434K | $418.5K | -3.6% |
Summary: Covington-Porterdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 409.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
Porterdale | $195.5K | $241K | +23.3% |
Oxford | $337.5K | $404.9K | +20.0% |
South Newton | $285K | $305.9K | +7.4% |
Covington | $299.9K | $304.9K | +1.7% |
Covington-Porterdale | $299K | $300K | 0.3% |
Housing Supply in Covington-Porterdale, GA
How many homes are available in Covington-Porterdale, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
501 | 541 | +8.0% |
Summary: The Covington-Porterdale real estate market had 541 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 218 | 222 | +1.8% |
4 Bedrooms | 171 | 201 | +17.5% |
5+ Bedrooms | 83 | 85 | +2.4% |
Summary: The Covington-Porterdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 95 | -12.0% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in Covington-Porterdale in April 2024, down by 12.0% month-over-month. Of the 87 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 50 Days | +4.4% |
Summary: Homes in Covington-Porterdale had an average of 50 days on market in Apr 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 95 homes were sold in Covington-Porterdale; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.