Sat Jan 23 2021
This week the median list price for Rancho Mirage, CA 92270 is $1,175,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 125.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,175,000|
|Per Square Foot||$337|
|Days on Market||132|
|Slight Seller's Advantage|
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,395,000||6,328||0.5 - 1 acre||4||5||20||4||3||199|
|$1,495,000||4,493||0.25 - 0.5 acre||4||4||21||2||2||181|
|$899,000||3,040||0.25 - 0.5 acre||3||3||25||6||4||91|
|$672,000||2,520||6,500 - 8,000 sqft||3||3||39||5||7||55|