Cathi & Ben Walter's Market Report

Rancho Mirage, CA 92270

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Rancho Mirage, CA 92270

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. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Rancho Mirage, CA 92270

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. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,175,000
Per Square Foot $337
Days on Market 132
Price Decreased 25%
Price Increased 4%
Relisted 15%
Inventory 125
Median Rent $6,000
Most Expensive $12,995,000
Least Expensive $459,000
Market Action 39
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.

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
$3,395,000 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