Is Rancho Mirage, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Rancho Mirage is a seller's market


Difference Since May 2022

Since last year, Rancho Mirage has remained a Seller's Market.

Key Takeaway

Rancho Mirage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Rancho Mirage, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Rancho Mirage have sold for 3.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $266K$318.5K
2 $487.5K$570K
3 $805K$840.8K
4 $1.3M$1.5M
5+ $1.9M$2.1M

Median Sold Price Compared To Nearby Cities

Cathedral City-Palm Desert
Palm Desert
Cathedral City
Rancho Mirage

How many homes are available in Rancho Mirage, CA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 54
2 99104
3 154162
4 6865
5+ 1616

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho Mirage, you may be able to get a good deal. 63.4% of homes here sold below asking price last month.

How long does it take to sell a home in Rancho Mirage, CA?

How long does it take to sell a home in Rancho Mirage, CA?

Average Sale Time

May 2022May 2023%
30 Days58 Days+90.8%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rancho Mirage has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Rancho Mirage, CA?

About Rancho Mirage, CA

Rancho Mirage, CA has 351 homes for sale to choose from. The number of homes for sale in Rancho Mirage, CA increased by 2.6% between April 2023 and May 2023. Listings spent 58 days on the market in May 2023, and had a median list price of $853,857 during the same period. This housing market listing prices have changed between April 2023 and May 2023: the cost of 1 bedroom properties went up by 19.7%, 2 bedrooms properties became 16.9% more expensive, 3 bedrooms properties became 4.5% more expensive, the cost of 4 bedrooms properties went up by 13.4%, prices of 5 bedrooms properties went up by 7.5%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 20%, 2 bedrooms homes inventory increased by 5.1%, 3 bedrooms homes inventory increased by 5.2%, the quantity of 4 bedrooms homes went down by 4.4%, 5 bedrooms homes inventory did not change. In May 2023 more than 11 listings in Rancho Mirage, CA were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 52 were sold below.