The Munselle Group

Rancho Mirage, CA 92270

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Rancho Mirage, CA 92270

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. 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 92270

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. 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 $822,500
Per Square Foot $271
Days on Market 182
Price Decreased 33%
Price Increased 2%
Relisted 14%
Inventory 252
Median Rent $4,000
Most Expensive $12,995,000
Least Expensive $313,500
Market Action 30
Slight Seller's Advantage

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
$2,150,000 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