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COVINGTON, VA 24426

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

Market Overview

Active Listings
53
⇧ 32.5% vs 40 last year
Pending
20
38% pending ratio
Median Price
$219,950
⇧ 2.3% vs $214,900 last year
Average Price
$330,558
⇧ 33.2% vs $248,236 last year
Days on Market
72
⇧ 14.3% vs 63 days last year

Market Context

Population: 13,598  ·  Density: 14.4/mi²  ·  Median household income: $51,686

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

Market Analysis

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

The COVINGTON, VA real estate market (24426) currently shows 53 active listings, with 20 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 63 days last year.

The median listing price has risen 2.3% year-over-year, from $214,900 to $219,950.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 53 this year vs 40 last year
  • Days on market: 72 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $219,950 (+2.3% YoY)
  • Average: $330,558 (+33.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.3 miles — 160 listings ($62,628,877 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24426Covington, VA 244260.0 mi53$17,519,574$219,950$330,558
24474Selma, VA 2447412.4 mi3$720,000$240,000$240,000
24448Iron Gate, VA 2444815.4 mi3$360,000$120,000$120,000
24445Hot Springs, VA 2444517.3 mi16$13,865,200$438,950$866,575
24422Clifton Forge, VA 2442217.9 mi26$6,300,788$139,000$242,338
24941Gap Mills, WV 2494120.0 mi11$1,039,984$49,900$94,544
24957Maxwelton, WV 2495720.3 mi3$1,957,350$652,450$652,450
24970Ronceverte, WV 2497022.3 mi9$3,024,792$307,000$336,088
24966Renick, WV 2496624.1 mi6$2,149,200$297,400$358,200
24976Sinks Grove, WV 2497625.8 mi3$1,037,901$359,000$345,967
24066Buchanan, VA 2406626.6 mi13$5,568,303$459,950$428,331
24983Union, WV 2498327.3 mi9$2,772,450$179,000$308,050
24070Catawba, VA 2407028.3 mi5$6,313,335$1,275,000$1,262,667

Frequently Asked Questions

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

As of January 2026, there are 53 active listings in COVINGTON, VA (zip code 24426), compared to 40 the prior year.

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

The median listing price in COVINGTON, VA 24426 is $219,950 as of January 2026, a 2.3% increase from $214,900 the prior year.

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

Homes in COVINGTON, VA 24426 spend an average of 72 days on the market before going under contract, compared to 63 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 January 2026, COVINGTON, VA 24426 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 63 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 $4,399 compared to a typical 5% commission on the median listing price of $219,950. 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.