Is La Quinta, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, La Quinta has remained a Seller's Market.
Housing Prices in La Quinta, CA
How much do homes in La Quinta, CA cost?
Median Sold Price
$803,264
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in La Quinta was $803,264 in April 2024, up 3.7% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320.7K | $315K | -1.8% |
2 Bedrooms | $555K | $550K | -0.9% |
3 Bedrooms | $749.9K | $785K | +4.7% |
4 Bedrooms | $1.3M | $1.4M | +4.3% |
5+ Bedrooms | $2.1M | $2.8M | +30.1% |
Summary: La Quinta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 30.1%.
Median Sold Price Compared To Nearby Cities
Indian Wells | $1.1M | $1.2M | +9.1% |
La Quinta | $774.5K | $803.2K | +3.7% |
Cathedral City-Palm Desert | $674K | $673K | -0.2% |
Indio | $546.3K | $530K | -3.0% |
Coachella Valley | $585.3K | $565.2K | -3.4% |
Housing Supply in La Quinta, CA
How many homes are available in La Quinta, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
573 | 601 | +4.9% |
Summary: The La Quinta real estate market had 601 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 66 | 75 | +13.6% |
3 Bedrooms | 328 | 337 | +2.7% |
4 Bedrooms | 132 | 140 | +6.1% |
5+ Bedrooms | 36 | 35 | -2.8% |
Summary: The La Quinta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 2.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 116 | +4.5% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 116 homes were sold or pending in La Quinta in April 2024, up by 4.5% month-over-month. Of the 116 sold homes, 72% were sold under asking, 13% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 65 Days | +7.6% |
Summary: Homes in La Quinta had an average of 65 days on market in Apr 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During April 2024, 116 homes were sold in La Quinta; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.