Cathi & Ben Walter's Market Report

Rancho Mirage, CA 92270

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Rancho Mirage, CA 92270

Mon Jan 17 2022
This week the median list price for Rancho Mirage, CA 92270 is $1,850,000 with the market action index hovering around 55. This is an increase over last month's market action index of 52. Inventory has decreased to 53. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Rancho Mirage, CA 92270

Mon Jan 17 2022
This week the median list price for Rancho Mirage, CA 92270 is $1,850,000 with the market action index hovering around 55. This is an increase over last month's market action index of 52. Inventory has decreased to 53. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $1,850,000
Median Price of New Listings $689,000
Per Square Foot $489
Average Days on Market 73
Median Days on Market 56
Price Decreased 32%
Price Increased 4%
Relisted 9%
Inventory 53
Median Rent $8,500
Market Action 55
Strong Seller's Market

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
$3,995,000 7,330 1 - 2.5 acres 5 5.5 25 0 2 63
$2,195,000 4,005 0.25 - 0.5 acre 4 3.5 30 0 2 35
$1,375,000 3,264 0.25 - 0.5 acre 4 4 19 0 7 70
$842,000 2,148 6,500 - 8,000 sqft 3 2.8 21 1 5 17