Is Covington, KY 41016 a buyer’s or seller’s market?

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

Covington is a seller’s market. With about 2.2 months of supply and 20% 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.

Months of supply2.2Under 4 months = seller’s market

Sold above original list20%Share of sales, last 3 months

Median sale-to-list98.2%Sold price ÷ list price

Median days on market19Listing to accepted offer

Median price per sq ft$185▲ +1.0% vs. last year

Run the numbers for 41016

Prefilled for 41016Can I win this house?Multiple-offer likelihood for a listing Prefilled for 41016Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Covington 41011Seller’s market $204 /sq ft Covington 41014Seller’s market $147 /sq ft Erlanger 41018Seller’s market $199 /sq ft Ft Mitchell 41017Seller’s market $201 /sq ft Browse all markets →

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