The Munselle Group

Rancho Mirage, CA 92270

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Rancho Mirage, CA 92270

Tue Jul 14 2020
This week the median list price for Rancho Mirage, CA 92270 is $399,000 with the market action index hovering around 33. This is an increase over last month's market action index of 30. Inventory has held steady at or around 105. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Rancho Mirage, CA 92270

Tue Jul 14 2020
This week the median list price for Rancho Mirage, CA 92270 is $399,000 with the market action index hovering around 33. This is an increase over last month's market action index of 30. Inventory has held steady at or around 105. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $399,000
Per Square Foot $212
Days on Market 119
Price Decreased 22%
Price Increased 4%
Relisted 13%
Inventory 105
Median Rent $3,800
Most Expensive $999,000
Least Expensive $141,995
Market Action 33
Slight Seller's Advantage

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
$499,450 2,545 0 - 4,500 sqft 3 3 41 1 3 122
$432,450 1,868 0 - 4,500 sqft 3 2 42 3 3 102
$369,000 1,629 0 - 4,500 sqft 3 2 43 3 5 138
$267,000 1,320 0 - 4,500 sqft 2 2 43 1 4 113