Market Report
La Quinta, CA
Single-Family Homes
Chartwell Escrow
La Quinta, CA
Wed Jan 22 2025
This week the median list price for La Quinta, CA is $959,900 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 405.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Real-Time Market Profile
| Median List Price | $959,900 | |
| Median Price of New Listings | $781,500 | |
| Per Square Foot | $427 | |
| Average Days on Market | 107 | |
| Median Days on Market | 77 | |
| Price Decreased | 39% | |
| Price Increased | 2% | |
| Relisted | 15% | |
| Inventory | 405 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,999,898 | 4,366 | 0.25 - 0.5 acre | 4 | 4.5 | 19 | 11 | 6 | 70 |
| $1,349,999 | 2,894 | 0.25 - 0.5 acre | 3 | 3.5 | 21 | 8 | 9 | 77 |
| $749,000 | 2,112 | 6,500 - 8,000 sqft | 3 | 2.5 | 22 | 13 | 10 | 84 |
| $560,312 | 1,560 | 4,500 - 6,500 sqft | 3 | 2 | 27 | 14 | 5 | 77 |