Pango Group

Rancho Mirage, CA 92270

Single-Family Homes

www.pangogroup.com



Rancho Mirage, CA 92270

Thu Feb 13 2025
This week the median list price for Rancho Mirage, CA 92270 is $1,295,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has increased to 280. 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

Market Narrative

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

Thu Feb 13 2025
This week the median list price for Rancho Mirage, CA 92270 is $1,295,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has increased to 280. 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

Market Narrative

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 $1,295,000
Median Price of New Listings $1,100,000
Per Square Foot $464
Average Days on Market 109
Median Days on Market 91
Price Decreased 41%
Price Increased 3%
Relisted 24%
Inventory 280
Median Rent
Market Action 27
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,792,500 4,615 0.5 - 1 acre 4 4.5 22 7 3 63
$1,585,000 3,075 0.25 - 0.5 acre 3 3 32 5 6 77
$1,149,000 2,704 6,500 - 8,000 sqft 3 2.5 40 6 3 87
$807,250 2,069 6,500 - 8,000 sqft 3 2 22 10 4 119