The Munselle Group's Market Report

La Quinta, CA 92253

Condos/Townhomes

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 $699,500 with the market action index hovering around 40. This is less than last month's market action index of 49. Inventory has increased to 50. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sat Aug 13 2022
This week the median list price for La Quinta, CA 92253 is $699,500 with the market action index hovering around 40. This is less than last month's market action index of 49. Inventory has increased to 50. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $699,500
Median Price of New Listings $600,000
Per Square Foot $423
Average Days on Market 47
Median Days on Market 49
Price Decreased 30%
Price Increased 2%
Relisted 0%
Inventory 50
Median Rent
Market Action 40
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,225,000 2,695 0 - 4,500 sqft 3 3.5 32 0 0 73
$849,450 1,858 0 - 4,500 sqft 3 2.8 35 1 1 49
$599,000 1,410 0 - 4,500 sqft 2 2 34 1 2 28
$494,000 1,283 0 - 4,500 sqft 2 2 34 1 1 28