Your Current Local Market Report

Rancho Mirage, CA 92270

Single-Family Homes

Kevin Wahlstrom 760.250.8486| Mary O'Malley Hernandez 760.521.4623


Rancho Mirage, CA 92270

Fri May 09 2025
This week the median list price for Rancho Mirage, CA 92270 is $1,350,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 319. 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 Buyer's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Rancho Mirage, CA 92270

Fri May 09 2025
This week the median list price for Rancho Mirage, CA 92270 is $1,350,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 319. 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 Buyer's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,350,000
Median Price of New Listings $1,550,000
Per Square Foot $492
Average Days on Market 107
Median Days on Market 77
Price Decreased 54%
Price Increased 2%
Relisted 17%
Inventory 319
Median Rent
Market Action 28
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$3,950,000 4,693 0.5 - 1 acre 4 4 20 4 3 84
$1,694,500 3,158 0.25 - 0.5 acre 3 3 36 9 5 56
$1,099,950 2,541 8,000 - 10,000 sqft 3 2.5 26 1 7 63
$780,500 2,056 6,500 - 8,000 sqft 3 2 22 4 4 87