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Covington Housing Market Report June 2025•Covington County, Virginia

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Housing Prices in Covington, VA

How much do homes in Covington, VA cost?

Housing Market Conditions

Is Covington, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Covington is a Seller's Market

Difference Since June 2024

Since last year, Covington has remained a Seller's Market.

Insight

Covington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$150,000$106/SqFt
+$5
0.0%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Covington has remained the same since last year.

Summary: The median home sold price in Covington was $150,000 in June 2025, the same as last year, and the median price per square foot was $106.

Median Sold Price By Cities

Median Sold Price By Cities
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 YoY
Covington
+6.0%
Covington
0.0%

Median Sold Price By Bedrooms

Median Sold 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.
BedsJun 2024Jun 2025Change YoY
1--
N/A
2$95K$97.7K
+2.8%
3$146.4K$160K
+9.2%
4$167.5K$197K
+17.6%
5$750K$307.5K
-59.0%

Summary: Covington housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes increased by +9.2%. The home price for 4 bedroom homes increased by +17.6%. The home price for 5 bedroom homes decreased by -59.0%.

How does Covington, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Covington, VA

Housing supply in Covington, VA

How many homes are available in Covington, VA?

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
48Last MonthJun 2025
432 months agoMay 2025
+11.6 %
Change MoMMay – Jun

Summary: The Covington real estate market had 48 homes for sale in Jun 2025, a 11.6 % increase compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthJun 2025
92 months agoMay 2025
+22.2 %
Change MoMMay – Jun

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.
BedsMay 2025Jun 2025Change MoM
122
0.0%
2118
-27.3%
31621
+31.3%
4912
+33.3%
555
0.0%

Summary: Covington housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -27.3%. The inventory for 3 bedroom homes increased by +31.3%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Covington, VA 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 Price5 Homes

At Asking Price2 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Covington, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Covington in June 2025, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and and 45% were sold over asking.

Days on Market for Covington, VA

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

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
0 DaysThis YearJun 2025
6 Days1 year agoJun 2024
0.0 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in Covington had an average listing age of 0 days in Jun 2025, down by .0% compared to the previous year.

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Newest Listings in Covington, VA

What homes are available in Covington, VA?

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Nearby markets

Nearby markets aren't available for Covington, VA

Popular Cities with Homes for Sale in Virginia

MLS Disclaimers and Copyright

Based on information from Roanoke Valley Association of Realtors MLS, for the period 07/01/2023 - 07/01/2025

IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 3:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.