Covina Housing Market Report January 2025•Los Angeles County, California

hero building illustration for mobile

Housing Prices in Covina, CA

How much do homes in Covina, CA cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Covina is a Seller's Market

Difference Since January 2024

Since last year, Covina has remained a Seller's Market.

Insight

Covina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$782,377$510/SqFt
+$48,377
+6.6%

Based on all homes sold in the last 12 months

Insight

Homes in Covina have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Covina was $782,377 in January 2025, up 6.6% from last year, and the median price per square foot was $510.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
West Covina
+9.4%
East San Gabriel Valley
+8.0%
Covina
+6.6%
Azusa
+4.2%
San Dimas
+1.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$442.5K$540K
+22.0%
2$551K$560K
+1.6%
3$730K$770K
+5.5%
4$773.5K$850K
+9.9%
5$1.5M$1.3M
-13.8%

Summary: Covina housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +22.0%. The home price for 2 bedroom homes increased by +1.6%. The home price for 3 bedroom homes increased by +5.5%. The home price for 4 bedroom homes increased by +9.9%. The home price for 5 bedroom homes decreased by -13.8%.

Housing supply in Covina, CA

How many homes are available in Covina, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
111Last MonthJan 2025
1122 months agoDec 2024
-0.9 %
Change MoMDec – Jan

Summary: The Covina real estate market had 111 homes for sale in Jan 2025, a 0.9 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
31Last MonthJan 2025
322 months agoDec 2024
-3.1 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
111
0.0%
21322
+69.2%
35347
-11.3%
43330
-9.1%
51211
-8.3%

Summary: Covina housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +69.2%. The inventory for 3 bedroom homes decreased by -11.3%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes decreased by -8.3%.

Asking Price vs. Sold Price

How much do homes in Covina, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price12 Homes

At Asking Price4 Homes

Under Asking Price15 Homes

Insight

If you're buying a home in Covina, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Covina in January 2025, down by 3.1% month-over-month. Of the 31 sold homes, 48% were sold under asking, 13% were sold at asking, and and 39% were sold over asking.

Days on Market for Covina, CA

How long does it take to sell a home in Covina, CA?

Breakdown of Home Sale Times

Under 30 Days19 Homes

30 – 90 Days10 Homes

Over 90 Days2 Homes

Insight

Many homes in Covina are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 31 homes were sold in Covina; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
32 DaysThis YearJan 2025
29 Days1 year agoJan 2024
+11.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Covina had an average listing age of 32 days in Jan 2025, up by 11.1% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Covina, CA

What homes are available in Covina, CA?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in California

MLS Disclaimers and Copyright

Based on information from California Regional MLS, for the period 02/01/2023 - 02/01/2025

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.