Comprehensive market data and analysis• Updated Oct 2026
24.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 5 | 16 | 32 |
| 1-2 acres | 4 | 5 | 7 | 11 |
| 2-5 acres | - | 1 | 11 | 22 |
| 5-10 acres | - | 5 | 10 | 20 |
| 10-20 acres | - | - | 4 | 11 |
| 20-50 acres | 2 | 2 | 3 | 11 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 7 | 18 | 51 | 107 |
Acreage buckets
The median price for land in Covington, Georgia is currently $26K per acre. For a typical parcel, the median sale price is $88K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $384K.
Covington, Georgia is currently a strong buyer's market with 24.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 18.0% year-over-year.
Covington, Georgia currently has 24.2 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 145 active listings in Covington, Georgia. 64 new listings have hit the market in the last 90 days. The median asking price is $165K.
Land in Covington, Georgia typically sells within 72 days of listing. The median time on market is 40 days. Properties are moving at a moderate pace in the current strong buyer's market.
The current absorption rate in Covington, Georgia is 4.1% (3-month basis), indicating slow demand. With depreciating values (-18.0% YoY), buyers may find value opportunities. The top-performing broker in this market is Keller Williams Premier.
The 3-month absorption rate in Covington, Georgia is 4.1%. The 12-month rate is 6.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Covington on LandyDandy.
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