Is Covington, VA 24426 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Covington is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.2Under 4 months = seller’s market

Sold above original list9.7%Share of sales, last 3 months

Median sale-to-list96.9%Sold price ÷ list price

Median days on market18Listing to accepted offer

Median price per sq ft$121▲ +8.3% vs. last year

Run the numbers for 24426

Prefilled for 24426Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24426Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Clifton Forge 24422Seller’s market $80 /sq ft Iron Gate 24448Seller’s market $93 /sq ft Selma 24474 $43 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology