Covington County, AL Home Values & Market Trends

The median home price in Covington County, AL is $123,895.49. There were 397 home sales in Covington County, AL over the past 12 months. The median residential Covington County, AL home value for transactions over the previous year is $110,555. The number of current listings in Covington County, AL is 46, and the percentage of properties for sale is 46.00%. The county has 12 foreclosures, 6 bank owned properties, 6 headed for auction, and 46 properties for sale.

Covington County, AL Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Andalusia

$ 194,098

$ 98/sqft

Florala

$ 279,500

$ 108/sqft

Opp

$ 167,739

$ 93/sqft

Gantt

$ --

$ --

Red Level

$ 196,572

$ 101/sqft

Lockhart

$ --

$ --

Wing

$ 147,963

$ 59/sqft

Housing Market Summary for Covington County, AL

Apr 2023March 2024Change
Median Listing Price$195K$119.7K-38.60%
Median Sold Price$126.1K$119.7K-5.08%
Homes For Sale334227.27%
Homes Sold266239-10.15%
Price
$/Sqft
Homes For Sale
0
0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0
0

Browse Homes in Covington County, AL

Covington County, AL home values range from $10,780 to $3,051,836. Red Level is the priciest city with a median listing home price of $334,500, and Opp is most affordable with average house prices of around $160,950.

Foreclosure
There are 7 cities within Covington County, AL; within these cities, the median estimated home value for homes in foreclosure ranges from $89,799 in Andalusia to the lowest value of $45,226 in Andalusia. Foreclosure homes account for 0.00% of properties in Covington County, AL with Opp containing 6 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Covington County, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 7 cities within Covington County, AL; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Covington County, AL ranges from the highest value of $178,195 in Andalusia to the lowest value of $58,876 in Opp. Bank owned homes and properties account for 0.04% of properties in Covington County, AL. There are 7 cities within Covington County, AL; Opp containing 4 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Andalusia has 4 auction properties, the highest number of properties going to auction in a single city in the state of Covington County, AL. Auction homes and other auction properties account for 0.04% of all properties in Covington County, AL. There are 7 cities within Covington County, AL; of those cities, the median estimated home value for homes going to auction ranges from $221,230 in Opp to the lowest value of $45,226 in Opp.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.29% of residential properties in Covington County, AL with Andalusia containing 31 homes for sale, the highest number of listed properties in a single city. There are 7 cities within Covington County, AL; homes for sale in those cities, have a range of median values from $279,500 in Florala to the lowest value of $19,817 in Andalusia.
    Sold Homes
    The median value for recently sold homes ranges from $237,748 in Wing to the lowest price of $12,310 in Wing. There are 7 cities within Covington County, AL. Andalusia has 113 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.52% of properties in Covington County, AL.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Covington County, AL
      $
      $

      Guide for Covington County, AL

      Market Reports
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Market Reports
      Birmingham, Alabama – Real Estate Market Snapshot March 2024
      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      See More Articles
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Market Reports|posted 17 April 2024

      Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.

      Birmingham, Alabama – Real Estate Market Snapshot March 2024
      Market Reports|posted 20 March 2024

      Birmingham, Alabama’s real estate market is showing a positive growth trend, with increasing average property values from March 2023 to February 2024.

      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Tools|posted 5 June 2021

      Last month we asked if it was possible that eviction moratoriums from the federal government were illegal. “If you’re a real estate investor with rental properties you depend on monthly rental payments to cover the mortgage, taxes, repairs, and other costs. But what happens if the government says, nope, you can’t evict tenants who don’t […]

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.