Is Covington, OH 45318 a buyer’s or seller’s market?
Covington is a seller’s market. With about 3.5 months of supply and 18% 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 53% of U.S. ZIP codes, and #324 of 495 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 July 31, 2026. See the breakdown
The Covington housing market right now
In the three months ending August 31, 2026, 18% of homes in Covington, OH 45318 sold above their list price, the typical home went under contract in 32 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (30 days then) and the median sale price rose 24% to $253,890. Overall, Covington is less competitive than a year ago, which gives buyers more room.
Within Miami County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 56%.
Nearby, buyers who want less competition could look at Pleasant Hill 45359 (0% sold over asking) or Casstown 45312 (0% sold over asking), while Laura 45337 (33% sold over asking) and Ludlow Falls 45339 (33% sold over asking) are even more competitive.
Run the numbers for 45318
Nearby markets
Casstown 45312Buyer’s market $201 /sq ftFletcher 45326Seller’s market $177 /sq ftLaura 45337Seller’s market $155 /sq ftLudlow Falls 45339Seller’s market $171 /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 3.5 months of supply in Covington, OH 45318 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 32 days in the latest three months.
Do homes in Covington sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Covington?
About 0.98% of a home’s value a year in Miami County, or roughly $3,920 on a $400,000 home.
What is the median home price in Covington?
The median sale price was $253,890 in the three months ending August 31, 2026, about $153 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