The Munselle Group's Market Report

La Quinta, CA 92253

Single-Family Homes

Compass | www.themunsellegroup.com| 760-772-2411



La Quinta, CA 92253

Sat Aug 13 2022
This week the median list price for La Quinta, CA 92253 is $798,975 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has decreased to 214. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

La Quinta, CA 92253

Sat Aug 13 2022
This week the median list price for La Quinta, CA 92253 is $798,975 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has decreased to 214. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $798,975
Median Price of New Listings $924,450
Per Square Foot $398
Average Days on Market 52
Median Days on Market 42
Price Decreased 48%
Price Increased 0%
Relisted 7%
Inventory 214
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,495,000 3,676 0.25 - 0.5 acre 4 4.5 18 4 6 56
$950,000 2,555 8,000 - 10,000 sqft 3 3 22 7 7 42
$699,000 1,930 6,500 - 8,000 sqft 3 2 24 6 6 38
$528,000 1,507 4,500 - 6,500 sqft 3 2 28 3 6 35