Covington, TN
Housing market overview · Updated weekly
$122,500median sale price
Homes sold
2
Last 12 weeks
Days on market
39
Average pace
Active listings
27
13.5 months supply
Sale-to-list
95.9%
Below asking
The Covington housing market is currently classified as a buyer's market with a median sale price of $122,500. Prices have fallen 23.0% compared to last year, with homes spending an average of 39 days on market, indicating 13.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Covington
There are currently 27 homes listed for sale in Covington, Tennessee. The median listing price is $210K.
Active listings
27
Homes on market
Median list price
$210K
Avg. days on market
39
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Covington?
The median home sale price in Covington is $122,500, down 23.0% from last year.
How long do homes stay on market in Covington?
Homes typically spend 39 days on market before going under contract.
Is Covington a buyer's or seller's market?
With 13.5 months of supply, Covington is currently a buyer's market.
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