Market Report

La Quinta, CA

Single-Family Homes

Chartwell Escrow



La Quinta, CA

Thu Dec 05 2024
This week the median list price for La Quinta, CA is $1,012,990 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has increased to 413. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

La Quinta, CA

Thu Dec 05 2024
This week the median list price for La Quinta, CA is $1,012,990 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has increased to 413. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $1,012,990
Median Price of New Listings $919,950
Per Square Foot $439
Average Days on Market 93
Median Days on Market 56
Price Decreased 37%
Price Increased 2%
Relisted 13%
Inventory 413
Median Rent
Market Action 29
Slight Buyer's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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
$2,990,000 4,370 0.25 - 0.5 acre 4 4.5 18 9 5 49
$1,355,000 2,811 8,000 - 10,000 sqft 3 3.5 21 5 7 56
$810,000 2,179 6,500 - 8,000 sqft 3 2.5 20 9 9 56
$586,500 1,555 4,500 - 6,500 sqft 3 2 29 9 11 66