Is La Quinta, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, La Quinta was a Seller's Market.
Key Takeaway
La Quinta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in La Quinta, CA
How much do homes in La Quinta, CA cost?
Median Sold Price
$776,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in La Quinta have sold for 1% more than they did a year ago.
Summary: The median home sold price in La Quinta was $776,000 in November 2023, up 1% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $315K | -1.6% |
| 2 Bedrooms | $575K | $550K | -4.3% |
| 3 Bedrooms | $732.8K | $739.1K | +0.9% |
| 4 Bedrooms | $1.2M | $1.4M | +14.3% |
| 5+ Bedrooms | $2.5M | $2.8M | +14.0% |
Summary: La Quinta housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Cathedral City-Palm Desert | $655.2K | $663.4K | +1.2% |
| La Quinta | $768.1K | $776K | +1.0% |
| Indian Wells | $1.1M | $1.1M | -0.5% |
| Indio | $540K | $528.1K | -2.2% |
| Coachella Valley | $580K | $562.7K | -3.0% |
Housing Supply in La Quinta, CA
How many homes are available in La Quinta, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 390 | 464 | +19.0% |
Summary: The La Quinta real estate market had 464 homes for sale in November 2023, a 19.0% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 46 | 60 | +30.4% |
| 3 Bedrooms | 213 | 246 | +15.5% |
| 4 Bedrooms | 91 | 110 | +20.9% |
| 5+ Bedrooms | 31 | 40 | +29.0% |
Summary: The La Quinta housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 29%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 53 | 64 | +20.8% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 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. 73.4% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in La Quinta in November 2023, up by 20.8% month-over-month. Of the 64 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 51 Days | 49 Days | -3.9% |
Summary: Homes in La Quinta had an average of 49 days on market in Nov 2023, down by 3.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in La Quinta has remained consistent over time.
Summary: During November 2023, 64 homes were sold in La Quinta; 41% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 14% 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.