Market Report from Cathi Walter

La Quinta, CA 92253

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



La Quinta, CA 92253

Mon Jun 17 2024
This week the median list price for La Quinta, CA 92253 is $895,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 300. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

La Quinta, CA 92253

Mon Jun 17 2024
This week the median list price for La Quinta, CA 92253 is $895,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 300. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $895,000
Median Price of New Listings $1,180,000
Per Square Foot $419
Average Days on Market 80
Median Days on Market 56
Price Decreased 43%
Price Increased 4%
Relisted 10%
Inventory 300
Median Rent
Market Action 35
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$2,499,000 4,126 0.25 - 0.5 acre 4 4.5 18 6 8 63
$1,246,500 2,700 8,000 - 10,000 sqft 3 3.5 20 2 9 42
$750,000 2,175 8,000 - 10,000 sqft 3 2.5 20 3 5 63
$569,000 1,580 4,500 - 6,500 sqft 3 2 32 5 10 35