Chartwell Escrow

Rancho Mirage, CA

Single-Family Homes

Active Market Report | Weekly Update



Rancho Mirage, CA

Sat Jun 07 2025
This week the median list price for Rancho Mirage, CA is $1,361,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 292. 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

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

Sat Jun 07 2025
This week the median list price for Rancho Mirage, CA is $1,361,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 292. 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

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 $1,361,500
Median Price of New Listings $1,449,000
Per Square Foot $481
Average Days on Market 116
Median Days on Market 84
Price Decreased 42%
Price Increased 1%
Relisted 19%
Inventory 292
Median Rent
Market Action 30
Slight Seller'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
$3,950,000 4,640 0.5 - 1 acre 4 4 19 3 5 91
$1,600,000 3,153 0.25 - 0.5 acre 3 3 38 4 4 77
$1,095,000 2,550 8,000 - 10,000 sqft 3 2.5 28 2 7 77
$788,880 2,036 6,500 - 8,000 sqft 3 2 22 2 6 105