Is Covina, CA 91724 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Covina is a seller’s market. With about 2.9 months of supply and 44% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score73/ 100

More competitive than 77% of U.S. ZIP codes, and #300 of 1069 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.9Under 4 months = seller’s market
Sold above original list44.2%Share of sales, last 3 months
Median sale-to-list102.3%Sold price ÷ list price
Median days on market44Listing to accepted offer
Median price per sq ft$494▼ −5.6% vs. last year

The Covina housing market right now

In the three months ending August 31, 2026, 44% of homes in Covina, CA 91724 sold above their list price, the typical home went under contract in 44 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 44 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (45% then), homes sold more slowly (41 days then) and the median sale price rose 3% to $874,622. Overall, Covina is about as competitive as it was a year ago.

Within Los Angeles County, homes here sell faster than in 64% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Covina ranks #300 of 1,069 CA ZIP codes with enough sales (score 73 out of 100).

Nearby, buyers who want less competition could look at Mount Baldy 91759 (0% sold over asking) or Glendale 91210 (0% sold over asking), while Los Angeles 90057 (100% sold over asking) and Burbank 91502 (86% sold over asking) are even more competitive.

Nearby markets

Acton 93510Buyer’s market $366 /sq ftAgoura Hills 91301Balanced $584 /sq ftAlhambra 91801Seller’s market $576 /sq ftAlhambra 91803Seller’s market $620 /sq ft Browse all markets →

Where Covina is

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Questions about Covina real estate

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

A seller’s market: there were 2.9 months of supply in Covina, CA 91724 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Covina?

The typical home went under contract in 44 days in the latest three months.

Do homes in Covina sell over asking?

44% of homes sold above their original list price, and the typical sale closed at 102.3% of the list price.

What are property taxes in Covina?

About 1.15% of a home’s value a year in Los Angeles County, or roughly $4,600 on a $400,000 home.

What is the median home price in Covina?

The median sale price was $874,622 in the three months ending August 31, 2026, about $494 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology