Is La Quinta, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Quinta is a buyer's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in La Quinta, CA cost?

Median Sold Price

$768,138

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$119,185(+18.4%)

Key Takeaway

Homes in La Quinta have sold for 18.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $250K$320K
+28.0%
2 $428.5K$575K
+34.2%
3 $613.7K$733.9K
+19.6%
4 $1.0M$1.2M
+18.1%
5+ $1.8M$2.3M
+27.6%

Median Sold Price Compared To Nearby Cities

Indio
+25.4%
Cathedral City-Palm Desert
+22.0%
Coachella Valley
+21.5%
La Quinta
+18.4%
Indian Wells
+17.6%

How many homes are available in La Quinta, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
366429+17.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 88
0.0%
2 5257
+9.6%
3 189217
+14.8%
4 96120
+25.0%
5+ 2127
+28.6%

Number of Homes Sold

Oct 2022Nov 2022%
5254+3.8%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Quinta, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
41 Days49 Days+21.8%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in La Quinta has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About La Quinta, CA

Number of homes for sale in La Quinta, CA real estate market have reached 429. The number of homes for sale in La Quinta, CA increased by 17.2% between October 2022 and November 2022. While the average time on the market in November 2022 was 49 days, the median list price was $768,138. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 28%, prices of 2 bedrooms properties increased by 34.2%, prices of 3 bedrooms properties went up by 19.6%, prices of 4 bedrooms properties went up by 18.1%, the cost of 5 bedrooms properties went up by 27.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes went up by 9.6%, 3 bedrooms homes inventory increased by 14.8%, 4 bedrooms homes became 25% more available, volume of 5 bedrooms homes went up by 28.6%. In November 2022 more than 4 listings in La Quinta, CA were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 39 were sold below.

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