In April 2020, there were 12 homes sold, with a median sale price of $425,000 - a 2.7% decrease over the $436,725 median sale price for the same period of the previous year. There were 22 homes sold in Covington in April 2019.
The median sales tax in Covington for the most recent year with available data, 2016, was $3,599, approximately 0.8% of the median home sale price for April 2020.
The following table compares Covington to other King County cities with similar median sale prices in April 2020:
| City | Apr. 2020 Home Sales | Apr. 2019 Home Sales | % change (Total Home Sales) | Apr. 2020 Median Sales Price | Apr. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tukwila | 6 | 5 | 20% | $444,500 | $359,950 | 23.5% |
| Federal Way | 35 | 57 | -38.6% | $441,500 | $405,000 | 9% |
| Kent (unincorporated) | 22 | 27 | -18.5% | $441,375 | $452,500 | -2.5% |
| Enumclaw (unincorporated) | 5 | 8 | -37.5% | $440,000 | $638,250 | -31.1% |
| South Federal Way (unincorporated) | 5 | 2 | 150% | $430,000 | $387,000 | 11.1% |
| Covington | 12 | 22 | -45.5% | $425,000 | $436,725 | -2.7% |
| Auburn (unincorporated) | 12 | 12 | 0% | $418,000 | $384,000 | 8.9% |
| Seattle (unincorporated) | 17 | 19 | -10.5% | $410,000 | $458,900 | -10.7% |
| Enumclaw | 8 | 7 | 14.3% | $403,450 | $363,000 | 11.1% |
| Algona | 4 | 0 | - | $397,500 | $0 | - |
| Seatac | 8 | 9 | -11.1% | $384,250 | $360,000 | 6.7% |
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