From October through December of 2018, there were 57 homes sold, with a median sale price of $380,000 - a 5.5% decrease over the $402,250 median sale price for the same period of the previous year. There were 28 homes sold in Covington in the fourth quarter of 2017.
The median sales tax in Covington for the most recent year with available data, 2016, was $3,599, approximately 0.9% of the median home sale price for the fourth quarter of 2018.
The following table compares Covington to other King County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kent (unincorporated) | 44 | 36 | 22.2% | $406,500 | $357,500 | 13.7% |
| Milton | 3 | 1 | 200% | $400,000 | $389,900 | 2.6% |
| Seattle (unincorporated) | 42 | 37 | 13.5% | $396,000 | $344,500 | 14.9% |
| Seatac | 23 | 27 | -14.8% | $395,000 | $339,975 | 16.2% |
| Kent | 84 | 72 | 16.7% | $388,725 | $382,500 | 1.6% |
| Covington | 57 | 28 | 103.6% | $380,000 | $402,250 | -5.5% |
| Auburn | 103 | 58 | 77.6% | $380,000 | $327,000 | 16.2% |
| Federal Way | 143 | 81 | 76.5% | $377,000 | $359,000 | 5% |
| Tukwila | 15 | 17 | -11.8% | $369,000 | $400,000 | -7.8% |
| Auburn (unincorporated) | 31 | 21 | 47.6% | $365,000 | $325,000 | 12.3% |
| Enumclaw | 23 | 22 | 4.5% | $357,500 | $317,500 | 12.6% |
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