Is Covington, MI 49919 a buyer’s or seller’s market?
Covington is a seller’s market. With about 1.1 months of supply and 0% 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.
The Covington housing market right now
In the three months ending August 31, 2026, 0% of homes in Covington, MI 49919 sold above their list price, the typical home went under contract in 213 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Within Baraga County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Baraga 49908 (67% sold over asking) and Skanee 49962 (50% sold over asking) are even more competitive.
Run the numbers for 49919
Nearby markets
Baraga 49908Buyer’s market $126 /sq ftLanse 49946Buyer’s market $206 /sq ftMichigamme 49861Buyer’s market $275 /sq ftSkanee 49962Buyer’s market $235 /sq ft Browse all markets →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 1.1 months of supply in Covington, MI 49919 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 213 days in the latest three months.
Do homes in Covington sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.0% of the list price.
What are property taxes in Covington?
About 1.22% of a home’s value a year in Baraga County, or roughly $4,880 on a $400,000 home.
What is the median home price in Covington?
The median sale price was $184,920 in the three months ending August 31, 2026, about $297 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