Cathi & Ben Walter's Market Report

Rancho Mirage, CA 92270

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Rancho Mirage, CA 92270

Sat Jun 12 2021
This week the median list price for Rancho Mirage, CA 92270 is $1,325,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has decreased to 48. 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

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

Sat Jun 12 2021
This week the median list price for Rancho Mirage, CA 92270 is $1,325,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has decreased to 48. 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

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 $1,325,000
Median Price of New Listings $1,049,950
Per Square Foot $428
Average Days on Market 82
Median Days on Market 35
Price Decreased 13%
Price Increased 0%
Relisted 4%
Inventory 48
Median Rent $6,500
Market Action 68
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$4,724,999 7,974 1 - 2.5 acres 5 7 29 2 1 115
$2,085,000 4,263 0.25 - 0.5 acre 4 4 21 4 6 49
$884,975 2,681 0.25 - 0.5 acre 3 3 38 2 4 28
$649,500 2,280 6,500 - 8,000 sqft 3 3 25 6 6 17