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

Fri Dec 01 2023
This week the median list price for La Quinta, CA is $998,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 243. 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

Fri Dec 01 2023
This week the median list price for La Quinta, CA is $998,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 243. 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 $998,000
Median Price of New Listings $1,002,495
Per Square Foot $443
Average Days on Market 82
Median Days on Market 42
Price Decreased 34%
Price Increased 2%
Relisted 12%
Inventory 243
Median Rent
Market Action 36
Slight Seller's Advantage

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$3,050,000 4,476 0.25 - 0.5 acre 4 4.5 17 9 2 56
$1,495,000 2,844 8,000 - 10,000 sqft 3 3.5 19 8 3 49
$798,000 2,349 8,000 - 10,000 sqft 3 3 19 9 6 42
$579,000 1,551 4,500 - 6,500 sqft 3 2 29 8 8 35