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COVINGTON, VA 24426

Real Estate Market Report  ·  Alleghany County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The COVINGTON, VA real estate market (24426) currently shows 53 active listings, with 17 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 74 days on market compared to 52 days last year.

The median listing price has fallen 12% year-over-year, from $212,225 to $186,725.

Whether you are buying or selling in COVINGTON, VA, 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: 13,598  ·  Density: 14.4/mi²  ·  Median household income: $51,686

Typical home value: $112,664  ·  Homeownership: 82.0%

Market Overview

Active Listings
53
⇧ 15.2% vs 46 last year
Pending
17
32% pending ratio
Median Price
$186,725
⇩ 12% vs $212,225 last year
Average Price
$307,491
⇧ 12.9% vs $272,460 last year
Days on Market
74
⇧ 42.3% vs 52 days last year

Price Per Square Foot

Median $/sqft
$120
vs $120/sqft last year
Median Home Size
1,677 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 53 this year vs 46 last year
  • Days on market: 74 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $186,725 (-12% YoY)
  • Average: $307,491 (+12.9% 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 28.3 miles — 186 listings ($79,620,865 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24426Covington, VA 244260.0 mi51$16,450,662$214,225$322,562
24474Selma, VA 2447412.4 mi2$440,000$220,000$220,000
24448Iron Gate, VA 2444815.4 mi3$277,500$92,500$92,500
24445Hot Springs, VA 2444517.3 mi17$14,110,782$443,475$830,046
24422Clifton Forge, VA 2442217.9 mi24$5,430,000$113,675$226,250
24941Gap Mills, WV 2494120.0 mi9$762,300$41,725$84,700
24957Maxwelton, WV 2495720.3 mi3$2,925,000$975,000$975,000
24970Ronceverte, WV 2497022.3 mi13$3,806,595$227,000$292,815
24412Bacova, VA 2441224.0 mi1$164,450$164,450$164,450
24175Troutville, VA 2417524.6 mi32$13,108,992$367,000$409,656
24083Daleville, VA 2408326.2 mi17$11,080,634$685,213$651,802
24983Union, WV 2498327.3 mi8$2,662,000$179,000$332,750
24070Catawba, VA 2407028.3 mi6$8,401,950$1,612,500$1,400,325

Frequently Asked Questions

How many homes are for sale in COVINGTON, VA 24426?

As of April 2026, there are 53 active listings in COVINGTON, VA (zip code 24426), compared to 46 the prior year.

What is the median home price in COVINGTON, VA 24426?

The median listing price in COVINGTON, VA 24426 is $186,725 as of April 2026, a 12% decrease from $212,225 the prior year.

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

Homes in COVINGTON, VA 24426 spend an average of 74 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in COVINGTON, VA 24426?

Based on current inventory and days-on-market data as of April 2026, COVINGTON, VA 24426 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 74 days on market compared to 52 days last year.

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

With SELL123.com's maximum 3% commission, sellers in COVINGTON, VA 24426 save an estimated $3,735 compared to a typical 5% commission on the median listing price of $186,725. 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.