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Tuesday, December 24, 2024

Rising home prices in La Quinta in the fourth quarter of 2021

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The median sale price of a home sold in the fourth quarter of 2021 in La Quinta rose by $91,000 while total sales decreased by 71.4%, according to BlockShopper.com.

From October through December of 2021, there were 161 homes sold, with a median sale price of $650,000 - a 16.3% increase over the $559,000 median sale price for the same period of the previous year. There were 563 homes sold in La Quinta in the fourth quarter of 2020.

The median sales tax in La Quinta for the most recent year with available data, 2019, was $4,664, approximately 0.7% of the median home sale price for the fourth quarter of 2021.

The following table compares La Quinta to other Riverside County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Yucaipa 12-50%$865,000$732,50018.1%
Corona298757-60.6%$735,000$589,00024.8%
Rancho Mirage85321-73.5%$729,000$607,50020%
Mira Loma 1339-66.7%$699,000$570,00022.6%
Temecula251611-58.9%$669,500$545,00022.8%
La Quinta161563-71.4%$650,000$559,00016.3%
Mountain Center 322-86.4%$630,000$475,00032.6%
Romoland 14-75%$625,000$426,00046.7%
Murrieta266739-64%$607,500$500,00021.5%
Winchester 58153-62.1%$600,000$500,00020%
Wildomar52128-59.4%$585,500$490,00019.5%

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