Cathi & Ben Walter's Market Report
La Quinta, CA 92253
Single-Family Homes
760.218.5752 | Cathi@DesertAreaHomeFinder.com
La Quinta, CA 92253
Sat Jun 12 2021
This week the median list price for La Quinta, CA 92253 is $997,497 with the market action index hovering around 82. This is less than last month's market action index of 84. Inventory has held steady at or around 114.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $997,497 | |
| Median Price of New Listings | $960,000 | |
| Per Square Foot | $373 | |
| Average Days on Market | 53 | |
| Median Days on Market | 14 | |
| Price Decreased | 18% | |
| Price Increased | 7% | |
| Relisted | 7% | |
| Inventory | 114 | |
| Median Rent | $6,500 | |
| Market Action | 82 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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 |
|---|---|---|---|---|---|---|---|---|
| $3,925,000 | 5,989 | 0.5 - 1 acre | 4 | 5 | 18 | 3 | 1 | 52 |
| $1,495,000 | 3,704 | 0.25 - 0.5 acre | 4 | 4 | 19 | 10 | 7 | 14 |
| $749,000 | 2,370 | 6,500 - 8,000 sqft | 3 | 3 | 19 | 9 | 9 | 14 |
| $525,000 | 1,665 | 4,500 - 6,500 sqft | 3 | 2 | 25 | 7 | 7 | 7 |