The Munselle Group

La Quinta, CA 92253

Condos/Townhomes

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 $500,000 with the market action index hovering around 63. This is less than last month's market action index of 66. Inventory has decreased to 23. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

La Quinta, CA 92253

Thu Sep 16 2021
This week the median list price for La Quinta, CA 92253 is $500,000 with the market action index hovering around 63. This is less than last month's market action index of 66. Inventory has decreased to 23. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $500,000
Median Price of New Listings $345,000
Per Square Foot $350
Average Days on Market 30
Median Days on Market 28
Price Decreased 9%
Price Increased 9%
Relisted 9%
Inventory 23
Median Rent $5,200
Market Action 63
Strong Seller's Market

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$799,000 3,031 0 - 4,500 sqft 3 4 31 0 0 49
$524,950 1,544 0 - 4,500 sqft 3 2 33 0 2 14
$486,500 1,459 0 - 4,500 sqft 2 2 32 1 1 35
$269,000 682 0 - 4,500 sqft 1 1 18 2 2 28