Is West Covina, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing West Covina is a seller's market


Difference Since August 2022

Since last year, West Covina has remained a Seller's Market.

Key Takeaway

West Covina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in West Covina, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in West Covina have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in West Covina was $750,000 in August 2023, down 4.6% from last year, and the median price per square foot was $468.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $429K$433.5K
2 $526K$529K
3 $760K$730K
4 $865K$842.5K
5+ $1.0M$970K

Summary: West Covina housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Cities

La Puente
East San Gabriel Valley
West Covina

Housing Supply

How many homes are available in West Covina, CA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The West Covina real estate market had 140 homes for sale in August 2023, a 0.7% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 21
2 1111
3 6969
4 3940
5+ 1819

Summary: The West Covina housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Covina, you could pay more than the asking price. 67.3% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in West Covina in August 2023, up by 32.4% month-over-month. Of the 49 sold homes, 24% were sold under asking, 8% were sold at asking, and 67% were sold over asking.

Days on Market

How long does it take to sell a home in West Covina, CA?

Average Sale Time

Aug 2022Aug 2023CHANGE
32 Days20 Days-37.1%

Summary: Homes in West Covina had an average of 20 days on market in Aug 2023, down by 37.1% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Covina are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 49 homes were sold in West Covina; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near West Covina, CA?