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 Apr 13 2024
This week the median list price for Rancho Mirage, CA is $1,296,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 182. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rancho Mirage, CA

Sat Apr 13 2024
This week the median list price for Rancho Mirage, CA is $1,296,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 182. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,296,000
Median Price of New Listings $1,362,000
Per Square Foot $481
Average Days on Market 83
Median Days on Market 56
Price Decreased 40%
Price Increased 2%
Relisted 14%
Inventory 182
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
$3,695,000 4,899 0.5 - 1 acre 4 4.5 25 5 4 63
$1,595,000 3,136 0.25 - 0.5 acre 3 3 36 6 4 42
$1,127,000 2,550 0.25 - 0.5 acre 3 3 25 8 5 31
$826,999 1,997 6,500 - 8,000 sqft 3 2.5 21 3 3 73