Rancho Mirage, CA
Housing market overview · Updated weekly
$939,000median sale price
Homes sold
69
Last 12 weeks
Days on market
105
Average pace
Active listings
448
6.5 months supply
Sale-to-list
96.7%
Below asking
The Rancho Mirage housing market is currently classified as a buyer's market with a median sale price of $939,000. Prices have risen 6.1% compared to last year, with homes spending an average of 105 days on market, indicating 6.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Rancho Mirage?
The median home sale price in Rancho Mirage is $939,000, up 6.1% from last year.
How long do homes stay on market in Rancho Mirage?
Homes typically spend 105 days on market before going under contract.
Is Rancho Mirage a buyer's or seller's market?
With 6.5 months of supply, Rancho Mirage is currently a buyer's market.
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