Local Market Report

Covina, CA

Single-Family Homes



Covina, CA

Thu Sep 21 2023
This week the median list price for Covina, CA is $885,000 with the market action index hovering around 67. This is less than last month's market action index of 71. Inventory has increased to 28. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Covina, CA

Thu Sep 21 2023
This week the median list price for Covina, CA is $885,000 with the market action index hovering around 67. This is less than last month's market action index of 71. Inventory has increased to 28. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Covina market.
Median List Price $885,000
Median Price of New Listings $712,450
Per Square Foot $540
Average Days on Market 96
Median Days on Market 28
Price Decreased 25%
Price Increased 11%
Relisted 14%
Inventory 28
Median Rent
Market Action 67
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$3,060,000 5,745 1 - 2.5 acres 5 6 43 0 1 357
$1,150,000 2,427 0.5 - 1 acre 4 3 62 1 0 28
$770,000 1,364 6,500 - 8,000 sqft 3 2 67 2 2 21
$665,000 1,218 6,500 - 8,000 sqft 3 2 69 3 1 14