Covina, CA Housing Market
Median List Price
$749,888
Updated August 2026
Today, Covina has 118 homes for sale at a median list price of $749,888, typically selling in about 41 days.
Covina Market Analysis
Buyers in Covina, CA are looking at a median list price of $749,888. Median pricing works out to $488 per square foot. Since February, the median price has moved up about 5.4% to $822,000 as of July.
It takes about 17 days for the typical home here to go under contract. At that pace, well priced homes attract offers quickly, so buyers should be ready to move. Covina, CA has 118 active listings on the market right now. 58 new listings came on the market in the last 30 days.
Pricing spreads from a $499,000 median for one bedroom homes to $1M for five bedroom homes. Most of what is for sale here is single family homes, about 53.4% of the mix, with townhomes accounting for another 24.6%. The area spans the 91722, 91724, and 91723 ZIP codes.
Covina Rental Market
Renters in Covina, CA are looking at a median asking rent of $2,695. Since February, the median rent has moved down about 24.3% to $2,650 as of July. Covina, CA has 25 active rental listings on the market right now.
Covina Market Pulse
Topfind Market Read
The picture is mixed here. 61% of current listings are under 30 days old, yet 38% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$750K
↓ 0% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
4.4 months of supply
Balanced Supply118 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~41 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Covina
Homeownership is near the state average, with a balanced mix of owners and renters.
57%
Homeowners
43%
Renters
Homeownership is 1.5 points higher than the California average (55.5%)
16,397 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $169K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$226K)
Price Reductions
45 listings have reduced their price
38% of active listings
Average reduction: 4.6% (~$34K)
Browse Covina Listings
Frequently Asked Questions about the Covina, CA Housing Market
What is the median home price in Covina, CA?
The median list price in Covina is $749,888 as of August 2026, based on 118 active listings.
Is Covina a buyer's market or a seller's market?
Covina currently reads as a balanced market. Active inventory works out to about 4.4 months of supply at the recent sales pace.
How fast do homes sell in Covina?
Homes that closed in the last 90 days typically went under contract in about 17 days. The average home currently for sale has been on the market for 41 days.
Are home prices in Covina going up or down?
The median sale price in Covina is roughly flat compared with a year ago.
How many homes are for sale in Covina, CA?
There are 118 homes for sale in Covina right now, including 11 listed within the last week.
What is the median rent in Covina?
The median asking rent in Covina is $2,695 per month, across 25 active rental listings.