Rancho Mirage Real Estate Market Report
Executive Summary
The Rancho Mirage, CA real estate market is currently classified as a buyer's market. The median asking price is $585K, down 35.9% over the past 30 days.
There are currently 94 active listings, representing 47 months of inventory. 11 properties have sold in the past 90 days at a median sold price of $849K. Inventory has increased 34.3% compared to last month.
Currently, listings spend an average of 53 days on market and the average price per square foot is $321.
Detached properties make up the largest share of the Rancho Mirage market at 59% of active listings with an average price of $819K. Condo listings follow at 38% (avg $633K).
Sales Activity & Absorption
Volume
Market Signals
2 properties sold in the past 30 days, 24 new listings appeared in the past month, 39 sellers reduced their asking price.
Market Balance
Months of Inventory
With 47 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| THE SPRINGS C.C. | 9 | $961K |
| MISSION HILLS COUNTRY CLUB (3214 | 8 | $618K |
| SUNRISE C.C. | 7 | $222K |
| MAGNESIA FALLS COVE | 5 | $537K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Rancho Mirage market currently has 94 active listings with a median price of $585K and 47 months of inventory.
- High inventory (47 months) favors buyers
- Prices declining (-35.9% in 30 days)
- High price reduction rate (41% of listings)
- High sell-through rate (100%)
- Slow-moving market (53 avg days on market)
- Average price per square foot is $321
- Sold properties averaged 29 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of April 14, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.