Vine Property Group Market Report

La Quinta, CA 92253

Single-Family Homes

Julie and Patrick Essig |760.989.7034 | julie@vinepropertygroup.com



La Quinta, CA 92253

Sun Dec 22 2024
This week the median list price for La Quinta, CA 92253 is $1,049,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 421. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

La Quinta, CA 92253

Sun Dec 22 2024
This week the median list price for La Quinta, CA 92253 is $1,049,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 421. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $1,049,000
Median Price of New Listings $1,069,995
Per Square Foot $434
Average Days on Market 99
Median Days on Market 63
Price Decreased 39%
Price Increased 2%
Relisted 13%
Inventory 421
Median Rent
Market Action 28
Slight Buyer's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$2,795,000 4,370 0.25 - 0.5 acre 4 4.5 18 5 4 49
$1,349,999 2,802 0.25 - 0.5 acre 3 3.5 21 12 5 63
$799,000 2,208 8,000 - 10,000 sqft 3 2.5 20 6 0 70
$579,000 1,569 4,500 - 6,500 sqft 3 2 28 9 7 77