#1023440, Dakota Bradley, Listing Office: Keller Williams Greater Athens
Covington-Porterdale Housing Market Report December 2024•Newton County, Georgia
Housing Prices in Covington-Porterdale, GA
How much do homes in Covington-Porterdale, GA cost?
Housing Market Conditions
Is Covington-Porterdale, GA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Covington-Porterdale is a Neutral Market
Difference Since December 2023
At the same time last year, Covington-Porterdale was a Seller's Market.
Covington-Porterdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Covington-Porterdale have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Covington-Porterdale was $300,575 in December 2024, up 2.2% from last year, and the median price per square foot was $157.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Covington | $300K | $309.9K | +3.3% |
South Newton | $300K | $309.9K | +3.3% |
Covington-Porterdale | $293.9K | $300.5K | +2.2% |
Oxford | $398.5K | $385K | -3.4% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $460K | $190K | -58.7% |
22 Bedrooms | $217.4K | $192.5K | -11.5% |
33 Bedrooms | $270K | $268K | -0.7% |
44 Bedrooms | $326.5K | $335K | +2.6% |
55+ Bedrooms | $425K | $404.9K | -4.7% |
Summary: Covington-Porterdale housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -58.7%. The home price for 2 bedroom homes decreased by -11.5%. The home price for 3 bedroom homes decreased by -0.7%. The home price for 4 bedroom homes increased by +2.6%. The home price for 5 bedroom homes decreased by -4.7%.
Housing supply in Covington-Porterdale, GA
How many homes are available in Covington-Porterdale, GA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
549Last MonthDec 2024 | ||
5272 months agoNov 2024 | +4.2 % Change MoMNov – Dec |
Summary: The Covington-Porterdale real estate market had 549 homes for sale in Dec 2024, a 4.2 % increase compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
85Last MonthDec 2024 | ||
722 months agoNov 2024 | +18.1 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 2 | 3 | +50.0% |
22 Bedrooms | 25 | 26 | +4.0% |
33 Bedrooms | 245 | 245 | 0.0% |
44 Bedrooms | 172 | 184 | +7.0% |
55+ Bedrooms | 83 | 91 | +9.6% |
Summary: Covington-Porterdale housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +4.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +7.0%. The inventory for 5 bedroom homes increased by +9.6%.
Asking Price vs. Sold Price
How much do homes in Covington-Porterdale, GA cost?
Over Asking Price22 Homes
At Asking Price21 Homes
Under Asking Price32 Homes
If you're buying a home in Covington-Porterdale, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in Covington-Porterdale in December 2024, up by 18.1% month-over-month. Of the 75 sold homes, 43% were sold under asking, 28% were sold at asking, and and 29% were sold over asking.
Days on Market for Covington-Porterdale, GA
How long does it take to sell a home in Covington-Porterdale, GA?
Breakdown of Home Sale Times
Under 30 Days28 Homes
30 – 90 Days39 Homes
Over 90 Days18 Homes
Avg time on Rocket Homes in Covington-Porterdale has remained consistent over time.
Summary: During December 2024, 85 homes were sold in Covington-Porterdale; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
58 DaysThis YearDec 2024 | ||
40 Days1 year agoDec 2023 | +45.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Covington-Porterdale had an average listing age of 58 days in Dec 2024, up by 45.6% compared to the previous year.
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Newest Listings in Covington-Porterdale, GA
What homes are available in Covington-Porterdale, GA?
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MLS Disclaimers and Copyright
Based on information from Georgia MLS, First Multiple Listing Service Inc., Classic MLS, Northeast Georgia MLS, and Central Georgia MLS for the period 01/01/2023 - 01/01/2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright© 2025 Classic MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Central Georgia MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.