The Munselle Group

Rancho Mirage, CA 92270

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Rancho Mirage, CA 92270

Mon Nov 23 2020
This week the median list price for Rancho Mirage, CA 92270 is $1,060,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 172. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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

Mon Nov 23 2020
This week the median list price for Rancho Mirage, CA 92270 is $1,060,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 172. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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 $1,060,000
Per Square Foot $314
Days on Market 129
Price Decreased 27%
Price Increased 2%
Relisted 16%
Inventory 172
Median Rent $5,700
Most Expensive $12,995,000
Least Expensive $179,500
Market Action 41
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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
$2,795,000 5,561 0.5 - 1 acre 4 5 22 3 1 240
$1,395,000 3,623 0.25 - 0.5 acre 4 4 24 4 3 111
$811,000 3,005 0.25 - 0.5 acre 3 3 22 11 4 66
$569,500 2,535 6,500 - 8,000 sqft 3 3 40 9 8 98