Is Covington, KY 41011 a buyer’s or seller’s market?
Covington is a seller’s market. With about 2.1 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 55% of U.S. ZIP codes, and #47 of 160 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Covington housing market right now
In the three months ending August 31, 2026, 14% of homes in Covington, KY 41011 sold above their list price, the typical home went under contract in 15 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 102 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold about as fast and the median sale price rose 11% to $336,854. Overall, Covington is less competitive than a year ago, which gives buyers more room.
Within Kenton County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Covington ranks #47 of 160 KY ZIP codes with enough sales (score 54 out of 100).
Nearby, Morning View 41063 (67% sold over asking) and Erlanger 41018 (30% sold over asking) are even more competitive.
Run the numbers for 41011
Nearby markets
Covington 41014Seller’s market $147 /sq ftCovington 41016Seller’s market $185 /sq ftErlanger 41018Seller’s market $199 /sq ftFt Mitchell 41017Seller’s market $201 /sq ft Browse all markets →Towns like Covington nearby
Find towns like Covington in other states →Where Covington is
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Questions about Covington real estate
Is Covington a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Covington, KY 41011 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Covington?
The typical home went under contract in 15 days in the latest three months.
Do homes in Covington sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Covington?
About 0.98% of a home’s value a year in Kenton County, or roughly $3,920 on a $400,000 home.
What is the median home price in Covington?
The median sale price was $336,854 in the three months ending August 31, 2026, about $204 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology