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

Tue May 28 2024
This week the median list price for La Quinta, CA is $947,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has increased to 317. 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 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, though the market is still in the Seller’s zone. 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

Tue May 28 2024
This week the median list price for La Quinta, CA is $947,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has increased to 317. 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 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, though the market is still in the Seller’s zone. 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 $947,000
Median Price of New Listings $1,099,900
Per Square Foot $422
Average Days on Market 80
Median Days on Market 56
Price Decreased 41%
Price Increased 5%
Relisted 11%
Inventory 317
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$2,600,000 4,300 0.25 - 0.5 acre 4 4.5 17 8 5 70
$1,249,000 2,726 8,000 - 10,000 sqft 3 3.5 20 8 7 35
$789,000 2,212 8,000 - 10,000 sqft 3 2.5 20 3 7 49
$587,499 1,615 4,500 - 6,500 sqft 3 2 29 6 11 56