Is La Quinta, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, La Quinta has remained a Seller's Market.
Key Takeaway
La Quinta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Quinta, CA
How much do homes in La Quinta, CA cost?
Median Sold Price
$787,750
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Quinta have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in La Quinta was $787,750 in March 2024, up 1.7% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $315K | -3.1% |
| 2 Bedrooms | $569K | $550K | -3.3% |
| 3 Bedrooms | $757.5K | $768.4K | +1.5% |
| 4 Bedrooms | $1.3M | $1.4M | +4.5% |
| 5+ Bedrooms | $2.5M | $2.8M | +14.0% |
Summary: La Quinta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Indian Wells | $1.0M | $1.2M | +16.3% |
| La Quinta | $774.5K | $787.7K | +1.7% |
| Cathedral City-Palm Desert | $669.5K | $671.6K | 0.3% |
| Indio | $544.9K | $530K | -2.7% |
| Coachella Valley | $588.1K | $567.4K | -3.5% |
Housing Supply in La Quinta, CA
How many homes are available in La Quinta, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 545 | 592 | +8.6% |
Summary: The La Quinta real estate market had 592 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 69 | 65 | -5.8% |
| 3 Bedrooms | 290 | 336 | +15.9% |
| 4 Bedrooms | 137 | 141 | +2.9% |
| 5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The La Quinta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 94 | 109 | +16.0% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Quinta, you may be able to get a good deal. 72.5% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in La Quinta in March 2024, up by 16.0% month-over-month. Of the 109 sold homes, 72% were sold under asking, 12% were sold at asking, and 16% were sold over asking.
Days on Market for La Quinta, CA
How long does it take to sell a home in La Quinta, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 55 Days | -12.0% |
Summary: Homes in La Quinta had an average of 55 days on market in Mar 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in La Quinta has remained consistent over time.
Summary: During March 2024, 109 homes were sold in La Quinta; 34% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.