Covina Housing Market Report – May 2026
Here's a look at how the Covina, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 36
- Median Sale Price: $805,000
- Average Sale Price: $846,486
- Average Price Per Sq Ft: $509
- Average Days on Market: 73
- Sale-to-List Price Ratio: 101.0%
Month-Over-Month Trends
Compared to April, the median sale price in Covina moved 4.5% up (from $770,000 to $805,000). The number of homes sold was 7.7% down compared to the prior month (39 vs. 36). Average days on market shifted 7.4% up (68 days to 73 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 2.0% up (from $789,500 to $805,000). Sales volume is 5.3% down year-over-year.
What This Means
Covina's May market shows signs of modest strength tempered by emerging headwinds. The median price climbed 4.5% month-over-month to $805,000, suggesting sellers still command respect in this corner of the San Gabriel Valley. However, this strength comes with a catch: homes are now lingering 73 days on the market, up a week from April. That's a meaningful slowdown in absorption, pointing to a market that's gradually cooling as we head into summer. The sale-to-list ratio of 101% indicates buyers aren't quite as aggressive as they were earlier in the year, though sellers are still eking out modest premiums.
The inventory situation offers more context. With 196 active listings and asking prices hovering around $749,500, there's a noticeable disconnect between what sellers want and where sales are actually happening. This gap, combined with rising days on market, suggests the easy sales are behind us. Year-over-year data shows the market has appreciated a steady 2% on the median, healthy but not spectacular. For buyers, the slightly slower pace and longer marketing times might create subtle negotiating opportunities. For sellers, the takeaway is clear: price competitively and expect a longer marketing timeline than you might have enjoyed six months ago.
Covina Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91724 | 16 | $950,000 | $502 | 84 |
| 91722 | 15 | $740,000 | $517 | 71 |
| 91723 | 5 | $855,000 | $504 | 49 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 28 | $850,000 | $550 |
| TOWNHOMES | 4 | $682,450 | $426 |
| CONDOS | 2 | $520,891 | $467 |
| MOBILE | 2 | $147,450 | $137 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 2 |
| $500K - $749K | 10 |
| $750K+ | 24 |
Current Active Listings
As of this report, there are 196 active listings in Covina with a median asking price of $749,500 and an average of 77 days on market.
Thinking About Selling Your Covina Home?
If you're a homeowner in Covina considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Covina and throughout Los Angeles County — get a no-obligation cash offer today.