Is Covina, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$747,000
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Covina was $747,000 in April 2024, down 0.4% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415.9K | $442.5K | +6.4% |
2 Bedrooms | $576K | $518.5K | -10.0% |
3 Bedrooms | $750K | $730K | -2.7% |
4 Bedrooms | $780K | $800K | +2.6% |
5+ Bedrooms | $870K | $1.4M | +61.9% |
Summary: Covina housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 61.9%.
Median Sold Price Compared To Nearby Cities
West Covina | $762.7K | $799.1K | +4.8% |
East San Gabriel Valley | $748K | $774.8K | +3.6% |
San Dimas | $849.5K | $880K | +3.6% |
Azusa | $649.5K | $669.5K | +3.1% |
Covina | $750K | $747K | -0.4% |
Housing Supply in Covina, CA
How many homes are available in Covina, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 118 | +0.9% |
Summary: The Covina real estate market had 118 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 65 | 64 | -1.5% |
4 Bedrooms | 26 | 22 | -15.4% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Covina housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Covina in April 2024, up by 12.1% month-over-month. Of the 37 sold homes, 24% were sold under asking, 8% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 16 Days | -67.2% |
Summary: Homes in Covina had an average of 16 days on market in Apr 2024, down by 67.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Covina; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.