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Preforeclosure Homes in Covington, WA

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Covington, WA Foreclosures

How much do homes sell for in Covington, WA?
The average home price is currently $703,988.
In Covington, WA, how many homes are available?
There are currently 7 active home listings available in Covington.
What’s the average rental cost in Covington, WA?
The average rental price in Covington is $2,146.
What is the most expensive home in Covington?
The most expensive home sold in Covington had a price of $72,258,884.
What is currently the cheapest priced home in Covington, WA?
The cheapest home for sale in Covington is priced at $197,253.

Living in Covington, WA

Covington, WA is a thriving suburban city in King County known for its family-friendly atmosphere and strong community ties. The city boasts excellent schools, diverse parks, and easy access to Seattle and Tacoma. Residents can enjoy a mix of outdoor activities and local amenities that make Covington a desirable place to live.

Current Market Conditions in Covington, WA

The real estate market in Covington, WA, remains competitive as demand continues to outpace supply. Many buyers are attracted to the area due to its affordability relative to nearby Seattle and the quality of life it offers. Houses in Covington are moving quickly, with many listings receiving multiple offers.

Recent trends indicate a steady appreciation in property values in Covington due to its desirable location and the growing population. New construction projects are also contributing to the market dynamics, meeting the needs of first-time homebuyers and those looking for larger family homes.

Home Value Estimator For Covington, WA

There are currently 6,748 real estate properties in Covington, WA, with a median automated valuation model (AVM) price of $649,124.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Covington, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Covington, WA, is $703,988.00, with the most expensive house in Covington, WA, topping out at $72,258,884.00 and the cheapest home in Covington, WA, clocking in at $197,253.00. In other words, there’s something for every potential homebuyer or savvy investor in Covington, WA!

Rent Prices In Covington, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Covington, WA, is on a rollercoaster ride. The average rent price in Covington, WA, is $2,146.00. Indeed, when looking to rent in Covington, WA, you can expect to pay as little as $1,060.00 or as much as $4,460.00, with the average rent median estimated to be $2,200.00. The good news is that finding an affordable and desirable property to rent in Covington, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Covington, WA Preforeclosure Homes


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