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

Wed Oct 09 2024
This week the median list price for La Quinta, CA 92253 is $849,500 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 296. 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

Market Narrative

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

Wed Oct 09 2024
This week the median list price for La Quinta, CA 92253 is $849,500 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 296. 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

Market Narrative

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 $849,500
Median Price of New Listings $854,000
Per Square Foot $408
Average Days on Market 98
Median Days on Market 77
Price Decreased 34%
Price Increased 4%
Relisted 19%
Inventory 296
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,995,000 3,590 0.25 - 0.5 acre 4 4.3 19 6 4 84
$1,147,000 2,635 8,000 - 10,000 sqft 3 3 20 14 2 84
$699,999 1,967 6,500 - 8,000 sqft 3 2 21 11 2 63
$549,000 1,524 4,500 - 6,500 sqft 3 2 26 9 2 73