Covina Real Estate Market Trends
Market Overview for Quarter 3, 2024
Median Sale Price
15.2% YoY
Median Price/Sqft
7.1% YoY
No. of Transactions
-18.9% YoY
County Median Sale Price
5.9% YoY
In Q3, the median home sale price in Covina was $765K, an increase of 15.2% year-over-year. By contrast, sales activity trended down with 86 deals closed, representing a decline of -18.9% compared to the same period last year. The median price per square foot in Q3 was $499, a change of 7.1% year-over-year, while the median sale price in Los Angeles County was $875K.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in Los Angeles County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Malibu | $3,875,000 |
| 2 | San Marino | $2,800,000 |
| 3 | Manhattan Beach | $2,723,750 |
| 4 | Palos Verdes Estates | $2,620,000 |
| 5 | Beverly Hills | $2,565,000 |
| 6 | Hermosa Beach | $2,250,000 |
| 7 | Rolling Hills Estates | $1,817,500 |
| 8 | Calabasas | $1,728,000 |
| 9 | Rancho Palos Verdes | $1,726,750 |
| 10 | El Segundo | $1,725,750 |
| 11 | South Pasadena | $1,601,750 |
| 12 | Santa Monica | $1,550,000 |
| 13 | Arcadia | $1,520,000 |
| 14 | Redondo Beach | $1,370,000 |
| 15 | Sierra Madre | $1,360,000 |
| 16 | Culver City | $1,200,000 |
| 17 | Torrance | $1,200,000 |
| 18 | Burbank | $1,157,500 |
| 19 | Glendale | $1,145,000 |
| 20 | Walnut | $1,142,500 |
| 21 | Pasadena | $1,110,000 |
| 22 | Temple City | $1,101,000 |
| 23 | Cerritos | $1,100,000 |
| 24 | Claremont | $1,036,500 |
| 25 | LA Verne | $1,015,000 |
| 26 | Agoura Hills | $1,012,000 |
| 27 | San Gabriel | $1,000,000 |
| 28 | Los Angeles | $999,000 |
| 29 | West Hollywood | $965,000 |
| 30 | Monrovia | $940,000 |
| 31 | Diamond Bar | $930,000 |
| 32 | Monterey Park | $905,000 |
| 33 | Rosemead | $894,000 |
| 34 | Montebello | $889,500 |
| 35 | Hawthorne | $886,000 |
| 36 | Alhambra | $881,000 |
| 37 | San Dimas | $849,000 |
| 38 | Glendora | $847,500 |
| 39 | Lakewood | $845,000 |
| 40 | Whittier | $842,500 |
| 41 | Downey | $842,250 |
| 42 | LA Mirada | $840,000 |
| 43 | West Covina | $803,000 |
| 44 | Lomita | $800,000 |
| 45 | Santa Clarita | $800,000 |
| 46 | Long Beach | $792,500 |
| 47 | Gardena | $780,000 |
| 48 | Covina | $765,000 |
| 49 | Carson | $755,500 |
| 50 | Norwalk | $735,000 |
| 51 | Duarte | $733,500 |
| 52 | Santa Fe Springs | $720,000 |
| 53 | Pico Rivera | $720,000 |
| 54 | Bellflower | $717,500 |
| 55 | Inglewood | $705,000 |
| 56 | El Monte | $700,000 |
| 57 | LA Puente | $700,000 |
| 58 | Azusa | $679,000 |
| 59 | Pomona | $668,500 |
| 60 | Baldwin Park | $660,000 |
| 61 | South Gate | $638,500 |
| 62 | Lynwood | $622,750 |
| 63 | Compton | $600,000 |
| 64 | Paramount | $550,000 |
| 65 | Palmdale | $509,000 |
| 66 | Lancaster | $470,000 |
Residential Property Types Sold in Covina
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | $648K | 1.7% | $414 | -6.5% | 33 |
| House | $830K | 17.3% | $518 | 3.2% | 53 |
The Q3 median sale price for Covina houses was $830K, increasing 17.3% year-over-year. While the median for houses was trending up, condo prices in Covina remained flat year-over-year at $648K.
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