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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Covina is a seller's market

Buyer's
Market

Difference Since December 2020

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.

How much do homes in West Covina, CA cost?

Median Sold Price

$720,000

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$110,000(+18.0%)

Key Takeaway

Homes in West Covina have sold for 18% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $328.5K$350K
+6.5%
2 $415K$456.5K
+10.0%
3 $590K$700K
+18.6%
4 $662K$784.4K
+18.5%
5+ $931.2K$1.2M
+28.9%

Median Sold Price Compared To Nearby Cities

Walnut
+18.6%
West Covina
+18.0%
East San Gabriel Valley
+17.3%
La Puente
+14.9%

How many homes are available in West Covina, CA?

Number of Homes For Sale

Nov 2021Dec 2021%
151113-25.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 32
-33.3%
2 1310
-23.1%
3 8162
-23.5%
4 4633
-28.3%
5+ 86
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
4262+47.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

45 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. 72.6% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
20 Days20 Days0.3%

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

10 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.

About West Covina, CA

Number of homes for sale in West Covina, CA real estate market have reached 113. The number of listings in West Covina, CA decreased by 25.2% between November 2021 and December 2021. The median list price of listings available in December 2021 was $720,000, while the average time on the real estate market was 20 days. Real estate listing prices changed between November 2021 and December 2021: the cost of 1 bedroom properties went up by 6.5%, the cost of 2 bedrooms properties went up by 10%, the cost of 3 bedrooms properties went up by 18.6%, 4 bedrooms properties prices increased by 18.5%, the cost of 5 bedrooms properties went up by 28.9%. Volume of homes for sale changed: 1 bedroom homes became 33.3% less available, volume of 2 bedrooms homes went down by 23.1%, volume of 3 bedrooms homes went down by 23.5%, volume of 4 bedrooms homes went down by 28.3%, the quantity of 5 bedrooms homes went down by 25%. West Covina, CA housing market in December 2021 saw over 45 listings sold above listed price, more than 4 sold at listed price and over 13 sold below.

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