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. 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

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.

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. 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

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

Never miss important changes in the La Quinta market.
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