Local Market Report

Covina, CA

Single-Family Homes



Covina, CA

Thu Mar 28 2024
This week the median list price for Covina, CA is $839,444 with the market action index hovering around 70. This is an increase over last month's market action index of 68. Inventory has increased to 30. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Covina, CA

Thu Mar 28 2024
This week the median list price for Covina, CA is $839,444 with the market action index hovering around 70. This is an increase over last month's market action index of 68. Inventory has increased to 30. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Covina market.
Median List Price $839,444
Median Price of New Listings $717,000
Per Square Foot $542
Average Days on Market 89
Median Days on Market 21
Price Decreased 20%
Price Increased 0%
Relisted 3%
Inventory 30
Median Rent
Market Action 70
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,999,000 4,800 1 - 2.5 acres 6 6 69 0 1 140
$1,099,999 2,520 0.25 - 0.5 acre 3 3 65 2 1 14
$814,000 1,451 6,500 - 8,000 sqft 3 2 71 1 2 42
$694,000 1,174 4,500 - 6,500 sqft 3 2 70 3 4 10