Market Report
Rancho Mirage, CA 92270
Single-Family Homes
Chartwell Escrow
Rancho Mirage, CA 92270
Thu Dec 26 2024
This week the median list price for Rancho Mirage, CA 92270 is $1,262,500 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 224.
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
| Median List Price | $1,262,500 | |
| Median Price of New Listings | $1,095,000 | |
| Per Square Foot | $464 | |
| Average Days on Market | 104 | |
| Median Days on Market | 70 | |
| Price Decreased | 34% | |
| Price Increased | 2% | |
| Relisted | 17% | |
| Inventory | 224 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $3,497,500 | 4,492 | 0.5 - 1 acre | 4 | 4.5 | 18 | 2 | 3 | 70 |
| $1,497,499 | 3,121 | 0.25 - 0.5 acre | 3 | 3 | 34 | 2 | 5 | 63 |
| $1,072,500 | 2,632 | 6,500 - 8,000 sqft | 3 | 2.5 | 44 | 3 | 5 | 70 |
| $784,250 | 1,978 | 6,500 - 8,000 sqft | 3 | 2 | 21 | 4 | 10 | 91 |