Covington Housing Market Report December 2024•Kenton County, Kentucky

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Housing Prices in Covington, KY

How much do homes in Covington, KY cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$255,000$171/SqFt
-$4,900
-1.9%

Based on all homes listed in December 2024

Insight

The list price of homes in Covington has decreased by 1.9% since November.

Summary: The median home list price in Covington was $255,000 in December 2024, down 1.9% from the previous month, and the median price per square foot was $171.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Fort Wright
+20.3%
Ft Mitchell
+8.6%
Covington
-1.9%
Taylor Mill
-2.2%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1$175K$182.4K
+4.3%
2$235K$227K
-3.4%
3$259.9K$257.4K
-0.9%
4$349.9K$329.9K
-5.7%
5$325K$325K
0.0%

Summary: Covington housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes increased by +4.3%. The home price for 2 bedroom homes decreased by -3.4%. The home price for 3 bedroom homes decreased by -0.9%. The home price for 4 bedroom homes decreased by -5.7%. The home price for 5 bedroom homes did not change.

Housing supply in Covington, KY

How many homes are available in Covington, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
154Last MonthDec 2024
1172 months agoNov 2024
+31.6 %
Change MoMNov – Dec

Summary: The Covington real estate market had 154 homes for sale in Dec 2024, a 31.6 % increase compared to Nov 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
178
+14.3%
24154
+31.7%
34356
+30.2%
42129
+38.1%
557
+40.0%

Summary: Covington housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +14.3%. The inventory for 2 bedroom homes increased by +31.7%. The inventory for 3 bedroom homes increased by +30.2%. The inventory for 4 bedroom homes increased by +38.1%. The inventory for 5 bedroom homes increased by +40.0%.

Asking Price vs. Sold Price

How much do homes in Covington, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Covington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Covington in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Covington, KY

How long does it take to sell a home in Covington, KY?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Covington has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Covington; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
80 DaysLast MonthDec 2024
75 Days1 month agoNov 2024
+7.0 %
Change MoMNov – Dec

Summary: Homes in Covington had an average listing age of 80 days in Dec 2024, up by 7.0% compared to the previous month.

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Newest Listings in Covington, KY

What homes are available in Covington, KY?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Northern Kentucky MLS, Imagine MLS, and Metro Search MLS for the period 11/01/2024 - 01/01/2025

Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. (NKMLS). Real estate listings held by other brokerage firms are marked with the Broker Reciprocity Logo and detailed information about them includes the name of the listing broker. The broker providing the data believes the data to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. MLS content and images © Copyright ©2025, Northern Kentucky Multiple Listing Service, Inc. All rights reserved.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
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, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information 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. © 2025 LBAR Multiple Listing Service. 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, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information 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. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. 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, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.