Is Covina, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Covina has remained a Seller's Market.
Housing Prices in Covina, CA
How much do homes in Covina, CA cost?
Median Sold Price
$750,000
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Covina was $750,000 in June 2024, up 1.3% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415.9K | $450K | +8.2% |
2 Bedrooms | $548.8K | $550K | 0.2% |
3 Bedrooms | $745K | $732K | -1.7% |
4 Bedrooms | $760K | $826.5K | +8.8% |
5+ Bedrooms | $870K | $1.5M | +79.6% |
Summary: Covina housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 79.6%.
Median Sold Price Compared To Nearby Cities
West Covina | $750K | $820K | +9.3% |
East San Gabriel Valley | $739.9K | $788.9K | +6.6% |
San Dimas | $841K | $890K | +5.8% |
Azusa | $649K | $680.1K | +4.8% |
Covina | $740.6K | $750K | +1.3% |
Housing Supply in Covina, CA
How many homes are available in Covina, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
127 | 109 | -14.2% |
Summary: The Covina real estate market had 109 homes for sale in June 2024, a 14.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 65 | 48 | -26.2% |
4 Bedrooms | 32 | 33 | +3.1% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Covina housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
45 | 22 | -51.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Covina in June 2024, down by 51.1% month-over-month. Of the 22 sold homes, 23% were sold under asking, 9% were sold at asking, and 68% were sold over asking.
Days on Market for Covina, CA
How long does it take to sell a home in Covina, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 17 Days | +1.4% |
Summary: Homes in Covina had an average of 17 days on market in Jun 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Covina; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.