Is Rancho Mirage, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Rancho Mirage has remained a Seller's Market.
How much do homes in Rancho Mirage, CA cost?
Median Sold Price
$853,857
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Median Sold Price By Bedroom Count
# BEDS | May 2022 | May 2023 | % |
---|---|---|---|
1 Bedroom | $266K | $318.5K | +19.7% |
2 Bedrooms | $487.5K | $570K | +16.9% |
3 Bedrooms | $805K | $840.8K | +4.5% |
4 Bedrooms | $1.3M | $1.5M | +13.4% |
5+ Bedrooms | $1.9M | $2.1M | +7.5% |
Median Sold Price Compared To Nearby Cities
Cathedral City-Palm Desert | $616.2K | $667.5K | +8.3% |
Palm Desert | $550.7K | $592.4K | +7.6% |
Cathedral City | $469.5K | $488K | +3.9% |
Rancho Mirage | $827.7K | $853.8K | +3.2% |
How many homes are available in Rancho Mirage, CA?
Number of Homes For Sale
Apr 2023 | May 2023 | % |
---|---|---|
342 | 351 | +2.6% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2023 | May 2023 | % |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 99 | 104 | +5.1% |
3 Bedrooms | 154 | 162 | +5.2% |
4 Bedrooms | 68 | 65 | -4.4% |
5+ Bedrooms | 16 | 16 | 0.0% |
Number of Homes Sold
Apr 2023 | May 2023 | % |
---|---|---|
70 | 82 | +17.1% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
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 2022 | May 2023 | % |
---|---|---|
30 Days | 58 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