129 homes in near Merced Elementary
Homes for Sale near Merced Elementary
West Covina, CA
About Homes near Merced Elementary
About West Covina: Merced Elementary is located in West Covina. West Covina is a city in Los Angeles County, California, United States. Located 19 miles (31 km) east of downtown Los Angeles in the central San Gabriel Valley, it is part of Greater Los Angeles. The population for the city was 109,501 at the 2020 census.
These are homes for sale within about 2 miles of Merced Elementary in West Covina (Topfind School Score: 9/10). The area around the school has 128 active listings.
Merced Elementary Area Market Pulse
Topfind Market Read
The picture is mixed here. Selling times have improved 41% versus six months ago, yet 36% of sellers have trimmed their asking price, and 58% of current listings have been up for more than 30 days, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$820K
↑ 2% 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
4.7 months of supply
Balanced Supply128 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 ~47 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 41% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 42% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Merced Elementary Area
Homeownership is higher than average, and most households in this area own rather than rent.
61%
Homeowners
39%
Renters
Homeownership is 5.5 points higher than the California average (55.5%)
32,586 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $503K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.4M)
Price Reductions
46 listings have reduced their price
36% of active listings
Average reduction: 5.2% (~$42K)
Merced Elementary Area Market Overview
Merced Elementary is an elementary school in the West Covina Unified district. It earns a Topfind School Score of 9. Homes here sit near the school. An attendance boundary is not mapped for this campus, so check enrollment eligibility with the district. The Merced Elementary area currently shows a median list price of $819,500. That runs roughly 4.5% lower than West Covina as a whole. There are 128 homes currently listed for sale in the Merced Elementary area. Little has changed over the last six months, with the median price at $832,000 in July versus $840,000 in February.
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Nearby Schools
Frequently Asked Questions about Homes near Merced Elementary
How many homes are for sale in Merced Elementary Area, CA?
There are currently 128 homes for sale in Merced Elementary Area, ranging from $350,000 to $3,980,000. 12 of them hit the market within the last week.
What is the median home price in Merced Elementary Area?
The median list price in Merced Elementary Area is $819,500. Price per square foot averages $512. Prices are up 2.0% compared to a year ago.
How fast do homes sell in Merced Elementary Area?
Homes in Merced Elementary Area currently average 47 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.