The Munselle Group

La Quinta, CA 92253

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



La Quinta, CA 92253

Thu Sep 16 2021
This week the median list price for La Quinta, CA 92253 is $750,799 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has increased to 150. 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

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

Thu Sep 16 2021
This week the median list price for La Quinta, CA 92253 is $750,799 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has increased to 150. 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

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 $750,799
Median Price of New Listings $799,811
Per Square Foot $339
Average Days on Market 50
Median Days on Market 21
Price Decreased 23%
Price Increased 2%
Relisted 5%
Inventory 150
Median Rent $6,000
Market Action 56
Strong Seller's Market

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 4,716 0.25 - 0.5 acre 4 4 18 9 4 77
$929,990 2,847 0.25 - 0.5 acre 4 3 19 12 5 14
$689,450 2,134 6,500 - 8,000 sqft 3 2 17 10 8 14
$458,500 1,485 4,500 - 6,500 sqft 3 2 31 8 10 14