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COVINGTON, KY 41016

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The COVINGTON, KY real estate market (41016) currently shows 38 active listings, with 15 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 71 days on market compared to 30 days last year.

The median listing price has risen 18.8% year-over-year, from $220,000 to $261,450.

Whether you are buying or selling in COVINGTON, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 5,948  ·  Density: 1,550.9/mi²  ·  Median household income: $61,941

Typical home value: $155,379  ·  Homeownership: 74.3%

Market Overview

Active Listings
38
⇧ 40.7% vs 27 last year
Pending
15
39% pending ratio
Median Price
$261,450
⇧ 18.8% vs $220,000 last year
Average Price
$246,525
⇧ 17% vs $210,793 last year
Days on Market
71
⇧ 136.7% vs 30 days last year

Price Per Square Foot

Median $/sqft
$188
⇧ 10.6% vs $170/sqft last year
Median Home Size
1,204 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 27 last year
  • Days on market: 71 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $261,450 (+18.8% YoY)
  • Average: $246,525 (+17% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.6 miles — 504 listings ($184,772,080 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
41016Covington, KY 410160.0 mi37$8,900,498$246,756$240,554
45203Cincinnati, OH 452031.4 mi6$3,057,960$524,900$509,660
45205Cincinnati, OH 452052.2 mi37$7,739,660$184,975$209,180
41014Covington, KY 410142.8 mi18$3,937,842$186,950$218,769
45219Cincinnati, OH 452193.4 mi25$11,638,800$399,900$465,552
41071Newport, KY 410713.7 mi122$60,458,198$299,000$495,559
41073Bellevue, KY 410733.9 mi29$12,979,211$469,900$447,559
45220Cincinnati, OH 452204.4 mi13$6,849,700$399,500$526,900
41074Dayton, KY 410745.0 mi32$13,679,616$299,900$427,488
45211Cincinnati, OH 452115.6 mi76$18,707,932$239,999$246,157
45229Cincinnati, OH 452295.7 mi19$6,736,583$382,450$354,557
41018Erlanger, KY 410185.7 mi55$13,953,005$240,000$253,691
45233Cincinnati, OH 452336.6 mi35$16,133,075$360,000$460,945

Frequently Asked Questions

How many homes are for sale in COVINGTON, KY 41016?

As of February 2026, there are 38 active listings in COVINGTON, KY (zip code 41016), compared to 27 the prior year.

What is the median home price in COVINGTON, KY 41016?

The median listing price in COVINGTON, KY 41016 is $261,450 as of February 2026, a 18.8% increase from $220,000 the prior year.

How long do homes stay on the market in COVINGTON, KY?

Homes in COVINGTON, KY 41016 spend an average of 71 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in COVINGTON, KY 41016?

Based on current inventory and days-on-market data as of February 2026, COVINGTON, KY 41016 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 71 days on market compared to 30 days last year.

How much can I save on real estate commission in COVINGTON, KY?

With SELL123.com's maximum 3% commission, sellers in COVINGTON, KY 41016 save an estimated $5,229 compared to a typical 5% commission on the median listing price of $261,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.