The Munselle Group

Rancho Mirage, CA 92270

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Rancho Mirage, CA 92270

Wed Jan 20 2021
This week the median list price for Rancho Mirage, CA 92270 is $409,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has held steady at or around 63. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Rancho Mirage, CA 92270

Wed Jan 20 2021
This week the median list price for Rancho Mirage, CA 92270 is $409,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has held steady at or around 63. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $409,000
Per Square Foot $224
Days on Market 115
Price Decreased 30%
Price Increased 3%
Relisted 10%
Inventory 63
Median Rent $4,000
Most Expensive $1,499,000
Least Expensive $178,000
Market Action 43
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$539,000 2,324 0 - 4,500 sqft 3 3 41 2 6 61
$445,000 1,794 0 - 4,500 sqft 3 2 44 2 1 103
$377,000 1,722 0 - 4,500 sqft 3 2 44 0 3 166
$327,500 1,564 0 - 4,500 sqft 2 2 45 1 3 126