Covington Real Estate

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Covington, Washington
Average Home Sizes and Asking Prices

Updated On: December 11, 2019
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
98042 2,900 sf $745,000 2,300 sf $614,000 68


98042 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  27   $471k
 1 Year Ago  41   $503k
 6 Months Ago   38   $537k
 1 Month Ago  21   $546k
 Today  18   $554k
*Averaged for 3 bedroom active listings



Asking Price in 98042 - 3 Bedroom Single Family Homes
98042 real estate listing price trend

Demographics & Schools Mortgage Info Area Map

Covington Real Estate & Homes for Sale in Washington

Covington, WA is a picturesque community in King County located about 20 miles southwest of Seattle. Covington is a great place to live, work, shop and play and has an ideal location close to Puget Sound with views of Mount Rainier. As a new city, incorporated in 1997, Covington is proud of its family-oriented, small-town character and diverse commercial opportunities. Real estate options consist of single-family detached homes and land lots to custom build. Covington is committed to being a city where the residents, businesses and civic leaders partner together to maintain a strong sense of community. All Covington residents place a high level of importance on developing the city's parks and recreation services. Their strong partnership with the Kent School District has top-notch schools that truly afford each student the opportunity to thrive in a positive environment. The District has a tremendous reputation throughout the Seattle area on consistently producing students that are prepared to succeed in college and in life. The City of Covington is also developing as a new center for commerce. It is a great place to find jobs and businesses such as: medical clinics, banking, real estate, mortgage, restaurants, and professional offices. You will find that Covington residents deserve to be proud of their charming community, where they get to enjoy everything that is great about living in small town, with one of America?s most vibrant metro areas only an easy drive away.

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Price Range of Covington Houses

Covington features a wide variety of single-family detached homes in various styles ranging from affordable to luxurious. Many homes feature majestic mountain or lake views as well as golf course frontage or wooded open space in the back yard. Single-family detached homes start in the low-mid $200,000s and cover a wide spectrum up to about $700,000, but can go beyond on beautiful newer homes or estate properties with lake frontage. Houses on large lots are available in many of the area?s terrific subdivisions including, Morgan?s Creek, Stonefield and Crofton Heights. No matter the location or cost, the typical house in Covington features broad, open landscapes and tree-lined streets. Most families in Covington choose to live in their own home rather than owning a condo or a townhouse. Land is also available to custom build.

Covington Real Estate Stats and Trends for the week of December 11th, 2019: homes priced around $613,872 compared to $528,306 the previous week, showing a increase of more than +14%.  For Wednesday, December 11th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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