Market Report

Rancho Mirage, CA

Single-Family Homes

Chartwell Escrow



Rancho Mirage, CA

Sun Dec 08 2024
This week the median list price for Rancho Mirage, CA is $1,255,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 230. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Rancho Mirage, CA

Sun Dec 08 2024
This week the median list price for Rancho Mirage, CA is $1,255,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 230. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,255,000
Median Price of New Listings $1,249,000
Per Square Foot $461
Average Days on Market 101
Median Days on Market 63
Price Decreased 37%
Price Increased 2%
Relisted 15%
Inventory 230
Median Rent
Market Action 28
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,200,000 4,348 0.5 - 1 acre 4 4.5 18 2 2 56
$1,475,000 3,143 0.25 - 0.5 acre 3 3 34 2 1 56
$1,072,500 2,632 6,500 - 8,000 sqft 3 2.8 43 2 2 77
$778,000 2,013 6,500 - 8,000 sqft 3 2 21 5 4 77