Current Price

$651,319

1 Month Forecast

â–² $688,405

1-Year Forecast *

â–² $754,281

5-Year Forecast *

â–² $831,217

"Is it a good time to buy homes in Covington?" "Does investing in real estate in Covington (Washington State, King County) worth it?" According to our live Forecast System, buying a house in Covington is a good short-term (1-year) investment*. The Covington average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Covington" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Covington in Washington State, King County. If you are looking for homes for sale with good flipping profit, Covington can be a profitable property investment option. The median price of an average house in Covington was 651,319 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Covington" area is 831,217 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +27.62% meaning that investing 100000 USD today may yield a profit of 27,621 USD by 2031.

Current Median Listing Price: 651,319 USD Median Listing Price Per Square Foot: 362 USD

Covington Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Covington (Washington State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Covington Price Target

Covington median home price target in 12 months: $754,281* (upside of 15.8%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $702,102 $682,415 $682,415 $702,258
2024 $621,109 $651,319 $621,109 $651,319
2023 $608,050 $620,055 $598,241 $620,055
2022 $590,358 $613,378 $590,358 $659,564
2021 $484,349 $578,842 $484,349 $578,842
2020 $420,263 $475,438 $420,263 $475,438
2019 $403,891 $416,578 $403,891 $416,578
2018 $378,879 $403,828 $378,879 $405,045
2017 $339,815 $374,813 $339,815 $374,813
2016 $305,242 $336,419 $305,242 $336,419
2015 $267,212 $301,084 $267,212 $301,084
2014 $252,037 $264,685 $252,037 $264,685
2013 $221,015 $249,884 $221,015 $249,884
2012 $217,781 $218,391 $209,225 $218,391

Questions & Answers about the Covington Housing Market Forecast

How much does an average home cost in Covington today?

The value of an average home (the listing price) in Covington is $651,319 USD.

What is the average price per square foot in Covington?

According to Walletinvestor the median price per square foot in Covington is 362 USD.

Will the median listing price of homes in Covington grow / rise / go up?

Yes. The Covington home prices may rise from 651,319 USD to 754,281 USD in one year.

Is it profitable to invest in Covington homes?

Yes. The long-term profit potential is +15.81% in one year.

Will Covington house prices fall / drop?

No. See above.

What is the predicted price of a Covington home in 2030?

The predicted home sales price of a Covington home in 2030 in Covington is 797,360 USD.

What is the predicted price of a Covington home in 2035?

The predicted home sales price of a Covington home in 2035 in Covington is 920,358 USD.

Will real estate prices decrease in Covington?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Covington is the 3107. largest city in the United States, located in Washington State.

During the last 12 months the real estate prices in King, Covington decreased, looking at the past 12 months.

According to Walletinvestor's Covington real estate market research, home values will increase in the next 12 months.

Median home values decreased by 6.914% to 651,319 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 15.958% in 2021
  • 17.448% in 2022
  • 16.558% in 2023
  • 16.628% in 2024
  • 14.308% in 2025
  • 17.688% in 2026

Based on our Covington real estate market research and report the predicted sales prices will increase by 333.909% in the next 10 years.

Over the last 12 months, the value of homes in Covington fluctuated: decreasing 4 times.

Covington (Washington) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Covington Housing Market Forecast with Real Estate Prices for 2025
August 2025 688405 653985 722825
September 2025 694447 650697 738198
October 2025 700543 660612 740474
November 2025 706693 666411 746974
December 2025 712896 674399 751392
Covington Housing Market Forecast with Real Estate Prices for 2026
January 2026 717816 677619 758014
February 2026 722198 654311 790085
March 2026 728369 689037 767700
April 2026 734762 675246 794278
May 2026 741212 684138 798285
June 2026 747718 703603 791833
July 2026 754281 679608 828955
August 2026 760902 707639 814166
September 2026 767582 727667 807496
October 2026 772863 724172 821553
November 2026 768398 708463 828333
December 2026 763471 697813 829130
Covington Housing Market Forecast with Real Estate Prices for 2027
January 2027 758576 713820 803332
February 2027 753712 685878 821546
March 2027 748880 686723 811037
April 2027 744078 706874 781282
May 2027 739307 668334 810281
June 2027 734567 690493 778641
July 2027 730078 687733 772422
August 2027 728503 665851 791154
September 2027 729875 676594 783156
October 2027 734117 667313 800922
November 2027 739993 690414 789573
December 2027 745679 681551 809807
Covington Housing Market Forecast with Real Estate Prices for 2028
January 2028 749920 709424 790415
February 2028 752635 688661 816609
March 2028 753906 692086 815727
April 2028 755066 697681 812451
May 2028 756350 713994 798705
June 2028 759458 704777 814139
July 2028 764248 713044 815453
August 2028 770380 730320 810440
September 2028 774784 727522 822046
October 2028 776646 706748 846544
November 2028 777646 703769 851522
December 2028 779536 716394 842679
Covington Housing Market Forecast with Real Estate Prices for 2029
January 2029 782671 734928 830414
February 2029 786155 739772 832538
March 2029 789711 739170 840253
April 2029 793137 730479 855795
May 2029 800099 727290 872908
June 2029 800277 737855 862698
July 2029 797360 756695 838025
August 2029 792529 716446 868612
September 2029 787448 721302 853593
October 2029 782438 724538 840339
November 2029 778774 732826 824721
December 2029 785610 718047 853172
Covington Housing Market Forecast with Real Estate Prices for 2030
January 2030 792506 744955 840056
February 2030 799462 731508 867417
March 2030 806480 761317 851643
April 2030 813559 737898 889220
May 2030 819174 752002 886347
June 2030 824175 757417 890933
July 2030 831217 748095 914338
August 2030 838513 761370 915656
September 2030 845873 790046 901701
October 2030 853298 787594 919002
November 2030 860789 803976 917601
December 2030 868344 817112 919577
Covington Housing Market Forecast with Real Estate Prices for 2031
January 2031 875967 798006 953928
February 2031 881994 814962 949025
March 2031 876899 809377 944420
April 2031 871276 826841 915711
May 2031 865690 788643 942736
June 2031 860139 799069 921209
July 2031 854624 771725 937522
August 2031 849144 798196 900093
September 2031 843700 799827 887572
October 2031 838290 767035 909545
November 2031 833167 764014 902320
December 2031 831370 754052 908687
Covington Housing Market Forecast with Real Estate Prices for 2032
January 2032 832935 753807 912064
February 2032 837777 760701 914852
March 2032 844483 762568 926398
April 2032 850971 785447 916496
May 2032 855811 801039 910583
June 2032 858910 813387 904432
July 2032 860360 788951 931770

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.