Justin Tye

Rancho Mirage, CA

Single-Family Homes

Active Realty I REAL



Rancho Mirage, CA

Sun May 26 2024
This week the median list price for Rancho Mirage, CA is $1,299,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 193. Click here to stay informed with the Rancho Mirage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Mirage, CA

Sun May 26 2024
This week the median list price for Rancho Mirage, CA is $1,299,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 193. Click here to stay informed with the Rancho Mirage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,299,000
Median Price of New Listings $1,299,000
Per Square Foot $471
Average Days on Market 87
Median Days on Market 63
Price Decreased 52%
Price Increased 3%
Relisted 11%
Inventory 193
Median Rent
Market Action 33
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,197,500 5,189 0.5 - 1 acre 4 5.3 19 4 0 56
$1,550,000 3,101 0.25 - 0.5 acre 4 3 25 4 6 59
$1,100,000 2,599 0.25 - 0.5 acre 3 3 32 3 0 56
$820,000 1,858 6,500 - 8,000 sqft 3 2 21 6 6 84