Kevin Stern / Town Real Estate

Rancho Mirage, CA

Single-Family Homes

www.TownCA.com | 760-250-1977 | kevin@kevinstern.com | CalDRE #01376548



Rancho Mirage, CA

Sat Feb 04 2023
This week the median list price for Rancho Mirage, CA is $1,174,500 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 128. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Rancho Mirage, CA

Sat Feb 04 2023
This week the median list price for Rancho Mirage, CA is $1,174,500 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 128. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,174,500
Median Price of New Listings $1,350,000
Per Square Foot $456
Average Days on Market 83
Median Days on Market 63
Price Decreased 35%
Price Increased 3%
Relisted 11%
Inventory 128
Median Rent
Market Action 35
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
$3,350,000 4,591 0.5 - 1 acre 4 4.5 17 5 5 77
$1,549,500 3,261 0.25 - 0.5 acre 3 3.5 22 3 7 59
$993,000 2,560 8,000 - 10,000 sqft 3 3 32 2 3 56
$797,000 2,023 6,500 - 8,000 sqft 3 3 20 3 4 63