The Munselle Group

Rancho Mirage, CA 92270

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Rancho Mirage, CA 92270

Tue Oct 19 2021
This week the median list price for Rancho Mirage, CA 92270 is $1,149,500 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has decreased to 60. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Mirage, CA 92270

Tue Oct 19 2021
This week the median list price for Rancho Mirage, CA 92270 is $1,149,500 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has decreased to 60. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,149,500
Median Price of New Listings $769,500
Per Square Foot $425
Average Days on Market 79
Median Days on Market 49
Price Decreased 30%
Price Increased 7%
Relisted 15%
Inventory 60
Median Rent $7,500
Market Action 49
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$3,995,000 6,742 0.5 - 1 acre 5 5 16 0 1 84
$1,695,000 3,711 0.25 - 0.5 acre 4 4 18 0 2 49
$929,000 2,598 0.25 - 0.5 acre 4 3 30 4 5 28
$679,900 1,948 6,500 - 8,000 sqft 3 2 24 5 6 49