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

Sat Dec 07 2019
This week the median list price for Rancho Mirage, CA 92270 is $769,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 292. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Rancho Mirage, CA 92270

Sat Dec 07 2019
This week the median list price for Rancho Mirage, CA 92270 is $769,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 292. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $769,000
Per Square Foot $269
Days on Market 166
Price Decreased 38%
Price Increased 1%
Relisted 11%
Inventory 292
Median Rent $4,500
Most Expensive $12,995,000
Least Expensive $264,900
Market Action 29
Slight Buyer'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
$2,285,000 5,500 0.5 - 1 acre 4 5 18 4 2 232
$974,900 3,491 0.25 - 0.5 acre 3 3 18 10 12 160
$657,500 2,908 8,000 - 10,000 sqft 3 3 36 4 7 133
$489,000 2,191 6,500 - 8,000 sqft 3 3 35 3 7 138