Is Covert, MI 49043 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Covert is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list101.6%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$221▲ +2.5% vs. last year

The Covert housing market right now

In the three months ending August 31, 2026, 20% of homes in Covert, MI 49043 sold above their list price, the typical home went under contract in 29 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (73 days then) and the median sale price fell 12% to $209,909. Overall, Covert is less competitive than a year ago, which gives buyers more room.

Within Van Buren County, homes here sell faster than in 55% of the county’s ZIP codes, and sell less often over asking than in 64%.

Nearby, buyers who want less competition could look at Grand Junction 49056 (0% sold over asking) or Bloomingdale 49026 (0% sold over asking), while Hartford 49057 (36% sold over asking) and Lawton 49065 (35% sold over asking) are even more competitive.

Nearby markets

Bangor 49013Seller’s market $137 /sq ftBloomingdale 49026Balanced $96 /sq ftDecatur 49045Balanced $136 /sq ftGobles 49055Seller’s market $184 /sq ft Browse all markets →

Where Covert is

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Questions about Covert real estate

Is Covert a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Covert, MI 49043 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 Covert?

The typical home went under contract in 29 days in the latest three months.

Do homes in Covert sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 101.6% of the list price.

What are property taxes in Covert?

About 1.23% of a home’s value a year in Van Buren County, or roughly $4,920 on a $400,000 home.

What is the median home price in Covert?

The median sale price was $209,909 in the three months ending August 31, 2026, about $221 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