Covington, VA housing market: August 2026
What's happening in the Covington market right now.
Buyer's or seller's market?
Covington, VA is a balanced market: homes in Alleghany County sell in a median of 60 days, and the number for sale is +18.6% on a year ago. Neither side has a clear edge.
12-month outlook
+1% to +5% for the typical Covington home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, August 2026 · Realtor.com county data, August 2026. Listing figures are for Alleghany County as a whole.
Covington market — questions answered
What is the typical home value in Covington, VA?
$168,868 as of August 2026, +5.3% on a year earlier (Zillow Home Value Index).
Are home prices going up in Covington, VA?
Yes — the typical home value changed +5.3% over the year to August 2026 and +35.8% over five years.
Is Covington, VA a buyer's or seller's market?
It's balanced: the median home in Alleghany County sells in 60 days (Realtor.com, August 2026).
How many homes are for sale in Covington, VA?
70 homes were listed for sale across Alleghany County in August 2026 (Realtor.com).
Who are the best real estate agents in Covington, VA?
Homegrity lists 21 licensed Covington agents, each checked against the state license register. Placement is never bought. See them at /real-estate-agents/covington-va.