Cathi & Ben Walter's Market Report

Rancho Mirage, CA 92270

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Rancho Mirage, CA 92270

Tue Jul 05 2022
This week the median list price for Rancho Mirage, CA 92270 is $1,362,000 with the market action index hovering around 60. This is less than last month's market action index of 69. Inventory has increased to 64. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Mirage, CA 92270

Tue Jul 05 2022
This week the median list price for Rancho Mirage, CA 92270 is $1,362,000 with the market action index hovering around 60. This is less than last month's market action index of 69. Inventory has increased to 64. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,362,000
Median Price of New Listings $1,669,500
Per Square Foot $484
Average Days on Market 49
Median Days on Market 28
Price Decreased 41%
Price Increased 2%
Relisted 5%
Inventory 64
Median Rent
Market Action 60
Strong Seller's Market

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
$2,925,000 4,346 0.5 - 1 acre 4 4.5 16 4 1 35
$1,717,000 3,099 0.25 - 0.5 acre 4 3 20 6 3 31
$1,085,000 2,749 8,000 - 10,000 sqft 3 2.8 20 1 0 42
$774,500 1,838 8,000 - 10,000 sqft 3 2.3 26 3 1 14