The Drummond Team's Market Report

Rancho Mirage, CA 92270

Condos/Townhomes

The Agency | www.thedrummondteam.com | 760-772-2411


Rancho Mirage, CA 92270

Sun Sep 13 2026
This week the median list price for Rancho Mirage, CA 92270 is $573,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 91. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Rancho Mirage, CA 92270

Sun Sep 13 2026
This week the median list price for Rancho Mirage, CA 92270 is $573,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 91. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $573,000
Median Price of New Listings $567,250
Per Square Foot $314
Average Days on Market 159
Median Days on Market 119
Price Decreased 29%
Price Increased 0%
Relisted 21%
Inventory 91
Median Rent
Market Action 32
Slight Seller's Advantage

While this week the median price in this zip code didn’t fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$795,000 2,372 0 - 4,500 sqft 3 3 41 1 2 105
$640,000 2,136 0 - 4,500 sqft 3 2 45 0 2 98
$510,000 1,751 0 - 4,500 sqft 3 2 49 0 3 182
$348,000 1,077 0 - 4,500 sqft 2 1.5 49 1 1 126