Is Rancho Mirage, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
Since last year, Rancho Mirage has remained a Seller's Market.
How much do homes in Rancho Mirage, CA cost?
Median Sold Price
$800,416
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2021
Median Sold Price By Bedroom Count
# BEDS | Apr 2021 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | $192K | $282K | +46.9% |
2 Bedrooms | $352K | $469.2K | +33.3% |
3 Bedrooms | $550.2K | $800K | +45.4% |
4 Bedrooms | $962K | $1.2M | +31.0% |
5+ Bedrooms | $1.6M | $1.7M | +5.7% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Rancho Mirage | +40.5% |
Palm Desert | +29.9% |
Palm Springs | +28.8% |
Cathedral City-Palm Desert | +26.4% |
Cathedral City | +22.3% |
How many homes are available in Rancho Mirage, CA?
Number of Homes For Sale
Mar 2022 | Apr 2022 | % |
---|---|---|
264 | 239 | -9.5% |
Homes For Sale By Bedroom Count
# BEDS | Mar 2022 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 43 | 48 | +11.6% |
3 Bedrooms | 132 | 123 | -6.8% |
4 Bedrooms | 59 | 45 | -23.7% |
5+ Bedrooms | 29 | 21 | -27.6% |
Number of Homes Sold
Mar 2022 | Apr 2022 | % |
---|---|---|
105 | 78 | -25.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Average Sale Time
Apr 2021 | Apr 2022 | % |
---|---|---|
65 Days | 29 Days | -55.6% |
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days