Cathi & Ben Walter's Market Report
La Quinta, CA 92253
Single-Family Homes
760.218.5752 | Cathi@DesertAreaHomeFinder.com
La Quinta, CA 92253
Thu Jan 28 2021
This week the median list price for La Quinta, CA 92253 is $860,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 208.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $860,000 | |
| Per Square Foot | $313 | |
| Days on Market | 144 | |
| Price Decreased | 21% | |
| Price Increased | 8% | |
| Relisted | 9% | |
| Inventory | 208 | |
| Median Rent | $7,000 | |
| Most Expensive | $14,500,000 | |
| Least Expensive | $72,000 | |
| Market Action | 47 | |
| Strong Seller's Market | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,995,000 | 5,272 | 0.5 - 1 acre | 4 | 4 | 16 | 4 | 9 | 216 |
| $1,225,000 | 3,674 | 0.25 - 0.5 acre | 4 | 3 | 18 | 5 | 10 | 148 |
| $682,000 | 2,549 | 8,000 - 10,000 sqft | 3 | 3 | 18 | 11 | 9 | 138 |
| $399,450 | 1,764 | 4,500 - 6,500 sqft | 3 | 2 | 21 | 13 | 17 | 72 |