Cathi & Ben Walter's Market Report

Rancho Mirage, CA 92270

Single-Family Homes

www.DesertAreaHomeFinder.com | 760-218-5752 | Cathi@DesertAreaHomeFinder.com



Rancho Mirage, CA 92270

Fri Jul 10 2020
This week the median list price for Rancho Mirage, CA 92270 is $895,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 233. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Rancho Mirage, CA 92270

Fri Jul 10 2020
This week the median list price for Rancho Mirage, CA 92270 is $895,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 233. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $895,000
Per Square Foot $290
Days on Market 171
Price Decreased 29%
Price Increased 3%
Relisted 15%
Inventory 233
Median Rent $4,000
Most Expensive $12,995,000
Least Expensive $319,000
Market Action 32
Slight Seller's Advantage

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
$2,545,000 5,791 0.5 - 1 acre 4 5 18 3 0 235
$1,254,500 3,816 0.25 - 0.5 acre 4 4 18 8 6 154
$734,500 3,058 8,000 - 10,000 sqft 3 3 34 5 11 148
$530,000 2,302 6,500 - 8,000 sqft 3 3 37 6 10 147