The Munselle Group

Rancho Mirage, CA 92270

Condos/Townhomes

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 $524,450 with the market action index hovering around 68. This is less than last month's market action index of 74. Inventory has increased to 28. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Rancho Mirage, CA 92270

Tue Oct 19 2021
This week the median list price for Rancho Mirage, CA 92270 is $524,450 with the market action index hovering around 68. This is less than last month's market action index of 74. Inventory has increased to 28. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $524,450
Median Price of New Listings $519,900
Per Square Foot $297
Average Days on Market 37
Median Days on Market 21
Price Decreased 18%
Price Increased 4%
Relisted 11%
Inventory 28
Median Rent $4,600
Market Action 68
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$819,000 2,736 4,500 - 6,500 sqft 3 3 42 4 1 0
$629,000 1,621 0 - 4,500 sqft 3 2 44 1 1 21
$475,000 1,690 0 - 4,500 sqft 3 2 44 1 0 77
$329,000 1,535 0 - 4,500 sqft 2 2 40 5 3 0