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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$409,000|
|Per Square Foot||$224|
|Days on Market||115|
|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.
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|