The Munselle Group

Rancho Mirage, CA 92270

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Rancho Mirage, CA 92270

Mon Nov 11 2019
This week the median list price for Rancho Mirage, CA 92270 is $762,450 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has held steady at or around 292. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Rancho Mirage, CA 92270

Mon Nov 11 2019
This week the median list price for Rancho Mirage, CA 92270 is $762,450 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has held steady at or around 292. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $762,450
Per Square Foot $266
Days on Market 172
Price Decreased 36%
Price Increased 3%
Relisted 16%
Inventory 292
Median House Rent $4,000
Most Expensive $12,995,000
Least Expensive $264,900
Market Action Index
Slight Buyer's Advantage
29

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,285,000 5,238 0.5 - 1 acre 4 5 19 4 2 263
$989,000 3,524 0.25 - 0.5 acre 3 3 18 7 4 172
$649,000 2,893 8,000 - 10,000 sqft 3 3 36 8 5 120
$489,000 2,235 6,500 - 8,000 sqft 3 3 35 9 9 131