Cathi & Ben Walter's Market Report

La Quinta, CA 92253

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



La Quinta, CA 92253

Mon Jan 17 2022
This week the median list price for La Quinta, CA 92253 is $899,900 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has decreased to 75. Click here to stay informed with the La Quinta market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

La Quinta, CA 92253

Mon Jan 17 2022
This week the median list price for La Quinta, CA 92253 is $899,900 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has decreased to 75. Click here to stay informed with the La Quinta market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $899,900
Median Price of New Listings $749,000
Per Square Foot $377
Average Days on Market 46
Median Days on Market 21
Price Decreased 12%
Price Increased 5%
Relisted 5%
Inventory 75
Median Rent $7,000
Market Action 66
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,687,500 5,769 0.5 - 1 acre 4 4.8 19 3 4 35
$1,200,000 3,067 0.25 - 0.5 acre 4 3.5 19 7 6 21
$724,900 2,026 6,500 - 8,000 sqft 3 2.5 27 6 2 14
$510,000 1,542 4,500 - 6,500 sqft 3 2 32 7 6 28