Covington, TN Home Values & Market Trends
Real estate market trends reflect that there have been 239 transactions over the past year in Covington. The median value for residential home transactions that occurred over the previous year is $173,644.88. The number of current listings in Covington is 28, and the percentage of properties for sale in the city is 28.00%. Covington, TN currently has 4 properties in foreclosure, 0 bank owned properties, 4 properties headed for auction, and 28 properties for sale.
Covington, TN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 38019 | $ 268,741 $ 145/sqft |
Housing Market Summary for Covington, TN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $159.9K | $149.3K | -6.63% |
| Median Sold Price | $173.1K | $149.3K | -13.74% |
| Homes For Sale | 21 | 24 | 14.29% |
| Homes Sold | 105 | 121 | 15.24% |
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, TN
Browse Homes in Covington, TN
Covington home values range from $20,044 to $2,805,005. The median estimated value of a home in Covington is $173,644.88. The median list price of a home is 272,450, and the total count of properties in the city is 5,317.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Covington, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Covington, TN; of that zips, 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 OwnedThe median estimated home value of bank owned homes (REO properties) in Covington, TN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Covington, TN. There is 1 zips within Covington, TN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions38019 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Covington, TN. Auction homes and other auction properties account for 0.08% of all properties in Covington, TN. There is 1 zips within Covington, TN; of that zips, the median estimated home value for homes going to auction ranges from $547,353 in 38019 to the lowest value of $217,288 in 38019.
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Guide for Covington, TN
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws