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 Jul 26 2024
This week the median list price for Rancho Mirage, CA 92270 is $1,249,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 168. 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

Fri Jul 26 2024
This week the median list price for Rancho Mirage, CA 92270 is $1,249,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 168. 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 $1,249,500
Median Price of New Listings $1,093,500
Per Square Foot $456
Average Days on Market 99
Median Days on Market 74
Price Decreased 42%
Price Increased 3%
Relisted 21%
Inventory 168
Median Rent
Market Action 34
Slight Seller'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
$4,250,000 4,825 0.5 - 1 acre 4 5 17 2 6 77
$1,377,000 2,913 0.25 - 0.5 acre 3 3 28 4 5 63
$1,012,450 2,563 0.25 - 0.5 acre 3 3 26 5 4 77
$799,000 1,922 6,500 - 8,000 sqft 3 2 20 3 6 77