The Munselle Group's Market Report

La Quinta, CA 92253

Condos/Townhomes

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



La Quinta, CA 92253

Sat Mar 02 2024
This week the median list price for La Quinta, CA 92253 is $599,900 with the market action index hovering around 35. This is an increase over last month's market action index of 32. Inventory has decreased to 69. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

La Quinta, CA 92253

Sat Mar 02 2024
This week the median list price for La Quinta, CA 92253 is $599,900 with the market action index hovering around 35. This is an increase over last month's market action index of 32. Inventory has decreased to 69. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $599,900
Median Price of New Listings $579,450
Per Square Foot $420
Average Days on Market 99
Median Days on Market 70
Price Decreased 38%
Price Increased 1%
Relisted 14%
Inventory 69
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$929,000 2,151 0 - 4,500 sqft 3 3 34 2 3 84
$740,000 1,877 0 - 4,500 sqft 3 2 37 2 1 70
$545,000 1,410 0 - 4,500 sqft 2 2 35 2 0 91
$386,250 912 0 - 4,500 sqft 2 2 35 4 2 42