Wed May 27 2020
This week the median list price for Rancho Mirage, CA 92270 is $822,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 252.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$822,500|
|Per Square Foot||$271|
|Days on Market||182|
|Slight Seller's Advantage|
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,150,000||5,321||0.5 - 1 acre||4||5||20||3||4||220|
|$1,100,000||3,689||0.25 - 0.5 acre||4||3||18||1||6||182|
|$699,000||2,887||8,000 - 10,000 sqft||3||3||31||9||6||171|
|$510,000||2,307||6,500 - 8,000 sqft||3||3||40||4||4||154|