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Featured local agent — Covington, WA
Sarah Mitchell
Compass Real Estate · Covington, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Covington, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$681,000median sale price
How is the Covington, WA housing market right now?
The median home sale price in Covington, WA is $681,000, up 0.9% year-over-year. Homes sell in an average of 25 days with 70 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Covington a buyer's or seller's market?
Covington, WA is currently a seller's market, based on 2.2 months of supply and homes selling in about 25 days. How we determine this →
Homes sold
32
Last 12 weeks
Days on market
25
Average pace
Active listings
70
2.2 months supply
Sale-to-list
99.4%
Below asking
What does the Covington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $681,000 |
| Median list price | $727,000 |
| Year-over-year price change | +0.9% |
| Average days on market | 25 days |
| Active inventory | 70 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $325/sq ft |
| Homes sold (latest month) | 32 |
| New listings (latest month) | 36 |
| Listings with a price cut | 37.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Covington by property type?
How the Covington, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $681,000 | $325/sq ft | 32 | 25 days |
| Condo / Co-op | $515,000 | $355/sq ft | 1 | 33 days |
| Townhouse | $565,000 | $448/sq ft | 1 | 64 days |
Source: Redfin · Updated monthly
The Covington housing market is currently classified as a seller's market with a median sale price of $681,000. Prices have risen 0.9% compared to last year, with homes spending an average of 25 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Covington
There are currently 70 homes listed for sale in Covington, Washington. The median listing price is $727K.
Active listings
70
Homes on market
Median list price
$727K
Avg. days on market
25
Days until sale
New this week
36
Newly listed
Who lives in Covington?
Population
20,957
Median income
$126,730/yr
Median age
37.4 years
Owner-occupied
79.1%
College grads
35.9%
Avg commute
33.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Covington?
Zillow home value
$674,124
Zillow rent index
$2,367/mo
Price-to-rent ratio
23.7x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Covington?
Covington is a community of approximately 21K residents with a median age of 37.4 years.The median household income is $126,730, which reflects a relatively affluent area with strong earning potential. 35.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Covington offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Covington?
8 schools tracked · 6,180 students
The largest public schools serving Covington, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Kentwood High School
Grades 9-12 · 1,988 students
Maple View Middle School
Grades 6-8 · 977 students
Cedar Heights Middle School
Grades 6-8 · 914 students
Mattson Middle School
Grades 6-8 · 779 students
Covington Elementary School
Grades PK-5 · 478 students
Crestwood Elementary School
Grades PK-5 · 393 students
Jenkins Creek Elementary School
Grades PK-5 · 336 students
Cedar Valley Elementary School
Grades PK-5 · 315 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Covington, WA?
Want a head-to-head view? Compare Covington side-by-side with any other U.S. city using our market-comparison tool.
Is Covington a good real estate investment market?
For investors evaluating Covington, the price-to-rent ratio of 23.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 0.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Covington's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Covington's median home price.
Frequently asked questions
What is the average home price in Covington?
The median home sale price in Covington is $681,000, up 0.9% from last year.
How long do homes stay on market in Covington?
Homes typically spend 25 days on market before going under contract.
What is the median income in Covington?
The median household income is $126,730 per year.
Is Covington a buyer's or seller's market?
With 2.2 months of supply, Covington is currently a seller's market.
What is the Zillow home value estimate for Covington?
The Zillow Home Value Index (ZHVI) for Covington is $674,124, representing the typical home value in the area.
What is the median condo price in Covington?
The median condo/co-op sale price in Covington, WA is $515,000, compared to $681,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Covington?
The median single-family home price in Covington, WA is $681,000 (about $325 per square foot).
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