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COVINGTON, IN 47932

Real Estate Market Report  ·  Warren County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The COVINGTON, IN real estate market (47932) currently shows 25 active listings, with 9 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 63 days on market compared to 53 days last year.

The median listing price has fallen 5.9% year-over-year, from $270,975 to $254,950.

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Market Context

Market Context

Population: 5,342  ·  Density: 19.4/mi²  ·  Median household income: $63,558

Typical home value: $148,550  ·  Homeownership: 71.0%

Market Overview

Active Listings
25
⇩ 28.6% vs 35 last year
Pending
9
36% pending ratio
Median Price
$254,950
⇩ 5.9% vs $270,975 last year
Average Price
$259,043
⇩ 4.9% vs $272,531 last year
Days on Market
63
⇧ 18.9% vs 53 days last year

Price Per Square Foot

Median $/sqft
$137
⇧ 2.2% vs $134/sqft last year
Median Home Size
1,822 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 35 last year
  • Days on market: 63 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $254,950 (-5.9% YoY)
  • Average: $259,043 (-4.9% 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 21.5 miles — 93 listings ($21,423,993 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47932Covington, IN 479320.0 mi23$6,451,776$270,500$280,512
47987Veedersburg, IN 479879.2 mi12$3,055,776$201,500$254,648
61814Bismarck, IL 6181411.2 mi5$623,415$121,475$124,683
61834Danville, IL 6183412.5 mi5$887,500$177,500$177,500
47952Kingman, IN 4795212.8 mi8$1,571,336$159,750$196,417
47928Cayuga, IN 4792813.8 mi3$438,750$146,250$146,250
61846Georgetown, IL 6184615.1 mi10$1,057,540$74,000$105,754
47918Attica, IN 4791816.2 mi15$3,224,850$176,600$214,990
47994Wingate, IN 4799417.6 mi2$150,000$75,000$75,000
61858Oakwood, IL 6185818.9 mi5$812,250$162,450$162,450
47832Bloomingdale, IN 4783219.0 mi2$2,730,000$1,365,000$1,365,000
47859Marshall, IN 4785920.9 mi2$339,800$169,900$169,900
47847Dana, IN 4784721.5 mi1$81,000$81,000$81,000

Frequently Asked Questions

How many homes are for sale in COVINGTON, IN 47932?

As of September 2026, there are 25 active listings in COVINGTON, IN (zip code 47932), compared to 35 the prior year.

What is the median home price in COVINGTON, IN 47932?

The median listing price in COVINGTON, IN 47932 is $254,950 as of September 2026, a 5.9% decrease from $270,975 the prior year.

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

Homes in COVINGTON, IN 47932 spend an average of 63 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in COVINGTON, IN 47932?

Based on current inventory and days-on-market data as of September 2026, COVINGTON, IN 47932 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 63 days on market compared to 53 days last year.

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

With SELL123.com's maximum 3% commission, sellers in COVINGTON, IN 47932 save an estimated $5,099 compared to a typical 5% commission on the median listing price of $254,950. 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.