Covington, VA Home Values & Market Trends
Real estate market trends reflect that there have been 0 transactions over the past year in Covington. The median value for residential home transactions that occurred over the previous year is $194,317. The number of current listings in Covington is 91, and the percentage of properties for sale in the city is 91.00%. Covington, VA currently has 2 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 91 properties for sale.
Covington, VA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 24426 | $ 194,317 $ 146/sqft |
Housing Market Summary for Covington, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $147.5K | $130.4K | -11.56% |
| Median Sold Price | $0 | $0 | - |
| Homes For Sale | 131 | 90 | -31.30% |
| Homes Sold | 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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Covington, VA
Browse Homes in Covington, VA
Covington home values range from $66,832 to $693,034. The median estimated value of a home in Covington is $194,317. The median list price of a home is 130,450, and the total count of properties in the city is 95.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Covington, VA 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, VA; 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, VA 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, VA. There is 1 zips within Covington, VA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions24426 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Covington, VA. Auction homes and other auction properties account for 2.11% of all properties in Covington, VA. There is 1 zips within Covington, VA; of that zips, the median estimated home value for homes going to auction ranges from $190,729 in 24426 to the lowest value of $92,777 in 24426.
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More Real Estate Resources for Covington, VA
Guide for Covington, VA
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.