#10193228, Listing Office: Covington Realty & Auction LLC
Covington Housing Market Report March 2025•Tipton County, Tennessee
Housing Prices in Covington, TN
How much do homes in Covington, TN cost?
Housing Market Conditions
Is Covington, TN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Covington is a Buyer's Market
Difference Since February 2025
Last month, Covington has remained a Buyer's Market.
Covington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in March 2025
Homes in Covington have sold for 95.6% more than they did a month ago.
Summary: The median home sold price in Covington was $253,250 in March 2025, up 95.6% from last month, and the median price per square foot was $0.
Median Sold Price By Bedrooms
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $129.5K | - | N/A |
33 Bedrooms | $178.5K | $253.2K | +41.9% |
44 Bedrooms | - | $207.5K | N/A |
55+ Bedrooms | - | - | N/A |
Summary: Covington housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +41.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does Covington, TN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Covington, TN
Housing supply in Covington, TN
How many homes are available in Covington, TN?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
59Last MonthMar 2025 | ||
492 months agoFeb 2025 | +20.4 % Change MoMFeb – Mar |
Summary: The Covington real estate market had 59 homes for sale in Mar 2025, a 20.4 % increase compared to Feb 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
6Last MonthMar 2025 | ||
42 months agoFeb 2025 | +50.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 2 | 1 | -50.0% |
33 Bedrooms | 23 | 26 | +13.0% |
44 Bedrooms | 18 | 26 | +44.4% |
55+ Bedrooms | 6 | 6 | 0.0% |
Summary: Covington housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +13.0%. The inventory for 4 bedroom homes increased by +44.4%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Covington, TN cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price4 Homes
If you're buying a home in Covington, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Covington in March 2025, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and and 17% were sold over asking.
Days on Market for Covington, TN
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in Covington, TN
What homes are available in Covington, TN?
Nearby markets
Nearby markets aren't available for Covington, TN
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MLS Disclaimers and Copyright
Based on information from Memphis MLS, for the period 02/01/2025 - 04/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/6/2025, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.