$10,000 Closing Credit*
$849,888
1,320 SqFt
3 Beds
•2 Full Baths
Richard Reyes, Listing Office: The R.R. Network
Is West Covina, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Covina has remained a Seller's Market.
Key Takeaway
West Covina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Covina, CA
How much do homes in West Covina, CA cost?
Median Sold Price
$830,000
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,000(+9.2%)
Key Takeaway
Homes in West Covina have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in West Covina was $830,000 in October 2024, up 9.2% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $432K | $400K | -7.4% |
| 2 Bedrooms | $540K | $575K | +6.5% |
| 3 Bedrooms | $749.5K | $808K | +7.8% |
| 4 Bedrooms | $840K | $899.8K | +7.1% |
| 5+ Bedrooms | $970K | $1.0M | +9.8% |
Summary: West Covina housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| West Covina | $760K | $830K | +9.2% |
| East San Gabriel Valley | $749.8K | $802.4K | +7.0% |
| Walnut | $1.0M | $1.1M | +6.7% |
| La Puente | $680K | $722K | +6.2% |
Housing Supply in West Covina, CA
How many homes are available in West Covina, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 141 | +3.7% |
Summary: The West Covina real estate market had 141 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 63 | 71 | +12.7% |
| 4 Bedrooms | 41 | 40 | -2.4% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The West Covina housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Covina, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in West Covina in October 2024, up by 6.5% month-over-month. Of the 33 sold homes, 39% were sold under asking, 3% were sold at asking, and 58% were sold over asking.
Days on Market for West Covina, CA
How long does it take to sell a home in West Covina, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 22 Days | -6.5% |
Summary: Homes in West Covina had an average of 22 days on market in Oct 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Covina are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in West Covina; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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.