Covina Housing Market Report – June 2026
Here's a look at how the Covina, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 43
- Median Sale Price: $760,000
- Average Sale Price: $769,406
- Average Price Per Sq Ft: $538
- Average Days on Market: 92
- Sale-to-List Price Ratio: 100.4%
Month-Over-Month Trends
Compared to May, the median sale price in Covina moved 6.2% down (from $810,000 to $760,000). The number of homes sold was 16.2% up compared to the prior month (37 vs. 43). Average days on market shifted 26.0% up (73 days to 92 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 7.9% down (from $825,000 to $760,000). Sales volume is 8.5% down year-over-year.
What This Means
Covina's housing market is showing signs of softening as we head into summer. While sales volume did tick up to 43 homes this month, the more telling story is in the pricing and timing. The median price dropped 6.2% month-over-month to $760,000, continuing a downward trend that's down nearly 8% year-over-year. What's particularly noteworthy is that homes are now spending 92 days on the market, up from 73 days just last month. This suggests buyers are becoming more selective and sellers are having to be patient, a meaningful shift from tighter market conditions.
The bright spot is that buyers still have slight negotiating power—homes are selling for 100.4% of list price, essentially at asking. However, the combination of longer marketing times and declining prices indicates the market is normalizing after a period of strength. With nearly 200 active listings on the market, inventory is healthy, which gives buyers more options and reduces urgency.
For sellers, this environment requires realistic pricing and patience. For buyers, the extended days on market and price trajectory suggest there's room to negotiate and less competition than we've seen recently. The market isn't in distress, but it's clearly cooling as summer seasonality and broader economic factors play out.
Covina Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91722 | 20 | $757,500 | $534 | 85 |
| 91724 | 16 | $823,000 | $509 | 106 |
| 91723 | 7 | $720,000 | $622 | 80 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 34 | $772,500 | $579 |
| CONDOS | 2 | $483,475 | $434 |
| MOBILE | 2 | $71,500 | $104 |
| MULTI_FAMILY | 2 | $1,160,000 | $463 |
| TOWNHOMES | 2 | $695,000 | $417 |
| LAND | 1 | $380,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $300K - $399K | 1 |
| $400K - $499K | 3 |
| $500K - $749K | 10 |
| $750K+ | 27 |
Current Active Listings
As of this report, there are 193 active listings in Covina with a median asking price of $719,900 and an average of 88 days on market.
Thinking About Selling Your Covina Home?
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