The Munselle Group's Market Report

Rancho Mirage, CA 92270

Condos/Townhomes

Compass | www.themunsellegroup.com| 760-772-2411


Rancho Mirage, CA 92270

Sun Apr 28 2024
This week the median list price for Rancho Mirage, CA 92270 is $622,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 90. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rancho Mirage, CA 92270

Sun Apr 28 2024
This week the median list price for Rancho Mirage, CA 92270 is $622,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 90. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $622,000
Median Price of New Listings $659,000
Per Square Foot $323
Average Days on Market 76
Median Days on Market 49
Price Decreased 40%
Price Increased 1%
Relisted 18%
Inventory 90
Median Rent
Market Action 38
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$815,500 2,373 0 - 4,500 sqft 3 3 44 4 2 42
$688,500 2,227 0 - 4,500 sqft 3 2.5 44 2 0 77
$559,000 1,806 0 - 4,500 sqft 2 2 46 4 3 35
$406,000 1,320 0 - 4,500 sqft 2 2 45 1 1 49