Kevin Stern / Town Real Estate

La Quinta, CA

Single-Family Homes

www.TownCA.com | 760-250-1977 | kevin@kevinstern.com | CalDRE #01376548



La Quinta, CA

Mon Jun 05 2023
This week the median list price for La Quinta, CA is $919,990 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 229. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

La Quinta, CA

Mon Jun 05 2023
This week the median list price for La Quinta, CA is $919,990 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 229. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $919,990
Median Price of New Listings $762,450
Per Square Foot $402
Average Days on Market 82
Median Days on Market 49
Price Decreased 38%
Price Increased 3%
Relisted 11%
Inventory 229
Median Rent
Market Action 39
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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 3,927 0.25 - 0.5 acre 4 4.5 17 4 4 77
$1,249,999 2,863 0.25 - 0.5 acre 3 3.5 19 5 9 42
$775,000 2,074 6,500 - 8,000 sqft 3 2.5 20 8 11 49
$562,000 1,658 4,500 - 6,500 sqft 3 2 33 9 9 38