Covington, KY Home Values & Market Trends
Real estate market trends reflect that there have been 930 transactions over the past year in Covington. The median value for residential home transactions that occurred over the previous year is $160,809.28. The number of current listings in Covington is 12, and the percentage of properties for sale in the city is 12.00%. Covington, KY currently has 35 properties in foreclosure, 1 bank owned properties, 11 properties headed for auction, and 12 properties for sale.
Covington, KY Real Estate Market Overview
Housing Market Summary for Covington, KY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $189K | $153.3K | -18.90% |
| Median Sold Price | $165.6K | $153.3K | -7.45% |
| Homes For Sale | 104 | 11 | -89.42% |
| Homes Sold | 462 | 391 | -15.37% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Covington, KY
Browse Homes in Covington, KY
Covington home values range from $19,090 to $2,709,112. The median estimated value of a home in Covington is $160,809.28. The median list price of a home is 94,750, and the total count of properties in the city is 15,424.
- Pre-ForeclosurePre-foreclosure homes account for 0.15% of all residential properties in Covington, KY with 41016 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Covington, KY; of those zips, the estimated home value for pre-foreclosure homes ranges from $201,527 in 41011 to the lowest home value of $74,707 in 41016.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Covington, KY ranges from the highest value of $60,014 in 41016 to the lowest value of $60,014 in 41016. Bank owned homes and properties account for 0.01% of properties in Covington, KY. There are 3 zips within Covington, KY; 41016 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions41011 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Covington, KY. Auction homes and other auction properties account for 0.07% of all properties in Covington, KY. There are 3 zips within Covington, KY; of those zips, the median estimated home value for homes going to auction ranges from $262,279 in 41014 to the lowest value of $77,516 in 41014.
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Guide for Covington, KY
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