Local Market Report

Covina, CA

Single-Family Homes



Covina, CA

Wed Oct 20 2021
This week the median list price for Covina, CA is $748,000 with the market action index hovering around 77. This is about the same as last month's market action index of 77. Inventory has decreased to 39. Click here to stay informed with the Covina market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Covina, CA

Wed Oct 20 2021
This week the median list price for Covina, CA is $748,000 with the market action index hovering around 77. This is about the same as last month's market action index of 77. Inventory has decreased to 39. Click here to stay informed with the Covina market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Covina market.
Median List Price $748,000
Median Price of New Listings $699,900
Per Square Foot $463
Average Days on Market 51
Median Days on Market 14
Price Decreased 21%
Price Increased 5%
Relisted 3%
Inventory 39
Median Rent $2,698
Market Action 77
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,799,999 3,605 1 - 2.5 acres 4 4 65 0 1 91
$782,500 1,839 8,000 - 10,000 sqft 3 2 65 2 0 17
$709,500 1,500 6,500 - 8,000 sqft 3 2 66 5 3 0
$672,888 1,274 6,500 - 8,000 sqft 3 2 67 4 3 10