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Featured local agent — Rancho Mirage, CA
Sarah Mitchell
Compass Real Estate · Rancho Mirage, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rancho Mirage, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$772,000median sale price
How is the Rancho Mirage, CA housing market right now?
The median home sale price in Rancho Mirage, CA is $772,000, down 7.0% year-over-year. Homes sell in an average of 97 days with 389 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Rancho Mirage a buyer's or seller's market?
Rancho Mirage, CA is currently a buyer's market, based on 5.8 months of supply and homes selling in about 97 days. How we determine this →
Homes sold
67
Last 12 weeks
Days on market
97
Average pace
Active listings
389
5.8 months supply
Sale-to-list
95.8%
Below asking
What does the Rancho Mirage housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $772,000 |
| Median list price | $879,500 |
| Year-over-year price change | -7.0% |
| Average days on market | 97 days |
| Active inventory | 389 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 95.8% |
| Median price per sq ft | $376/sq ft |
| Homes sold (latest month) | 67 |
| New listings (latest month) | 76 |
| Listings with a price cut | 25.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Rancho Mirage by property type?
How the Rancho Mirage, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.20M | $449/sq ft | 39 | 88 days |
| Condo / Co-op | $520,000 | $290/sq ft | 28 | 115 days |
| Townhouse | $345,000 | $357/sq ft | 1 | 103 days |
Source: Redfin · Updated monthly
The Rancho Mirage housing market is currently classified as a buyer's market with a median sale price of $772,000. Prices have fallen 7.0% compared to last year, with homes spending an average of 97 days on market, indicating 5.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 7.6x provides context for how home values compare to local earning capacity.
Homes for sale in Rancho Mirage
There are currently 389 homes listed for sale in Rancho Mirage, California. The median listing price is $880K.
Active listings
389
Homes on market
Median list price
$880K
Avg. days on market
97
Days until sale
New this week
76
Newly listed
Who lives in Rancho Mirage?
Population
17,375
Median income
$109,943/yr
Median age
65 years
Owner-occupied
82.1%
College grads
46.5%
Avg commute
25.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Rancho Mirage?
Zillow home value
$836,062
Zillow rent index
$3,847/mo
Price-to-rent ratio
18.1x
Price-to-income
7.6x
Source: Zillow Research
What is it like to live in Rancho Mirage?
Rancho Mirage is a community of approximately 17K residents with a median age of 65 years.The median household income is $109,943, which reflects a relatively affluent area with strong earning potential. 46.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 82.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Rancho Mirage offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Rancho Mirage?
2 schools tracked · 1,800 students
The largest public schools serving Rancho Mirage, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Rancho Mirage High
Grades 9-12 · 1,464 students
Rancho Mirage Elementary
Grades K-5 · 336 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Rancho Mirage, CA?
Want a head-to-head view? Compare Rancho Mirage side-by-side with any other U.S. city using our market-comparison tool.
Is Rancho Mirage a good real estate investment market?
For investors evaluating Rancho Mirage, the price-to-rent ratio of 18.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Rancho Mirage's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Rancho Mirage's median home price.
Frequently asked questions
What is the average home price in Rancho Mirage?
The median home sale price in Rancho Mirage is $772,000, down 7.0% from last year.
How long do homes stay on market in Rancho Mirage?
Homes typically spend 97 days on market before going under contract.
What is the median income in Rancho Mirage?
The median household income is $109,943 per year.
Is Rancho Mirage a buyer's or seller's market?
With 5.8 months of supply, Rancho Mirage is currently a buyer's market.
What is the Zillow home value estimate for Rancho Mirage?
The Zillow Home Value Index (ZHVI) for Rancho Mirage is $836,062, representing the typical home value in the area.
What is the median condo price in Rancho Mirage?
The median condo/co-op sale price in Rancho Mirage, CA is $520,000, compared to $1.20M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Rancho Mirage?
The median single-family home price in Rancho Mirage, CA is $1.20M (about $449 per square foot).
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