Single-Family Homes
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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
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.
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 |