Rancho Mirage (92270), CA Real Estate Market Update – 012325
This Week’s Market Overview
The median list price for Rancho Mirage, CA 92270 is $1,393,000, reflecting enduring prestige in this renowned Coachella Valley destination celebrated for luxury estates and resort amenities. Inventory currently stands at approximately 300 active homes, supporting more balanced dynamics with increased buyer choices as seasonal influences play out.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 35 (Slight Seller’s Advantage)
- Last Month’s MAI: 36
The MAI has moderated slightly month-over-month, indicating thoughtful buyer participation. Exceptional properties in gated communities, golf-front settings, and renovated homes persist in capturing prompt attention.
Market Narrative
The 92270 market demonstrates resilience amid early 2026 adjustments. Median sale prices are near $850,000, down approximately 5 to 11 percent year-over-year with selective pacing. Buyers exercise greater caution, extending average marketing times between 70 and 90 days. Properties that are updated, well-located, and competitively presented secure reliable interest and timely sales, while those in need of enhancements or positioned in more entry-level categories face prolonged exposure, additional price modifications, and expanded room for buyer negotiations.
Real-Time Market Profile
- Median List Price: $1,393,000
- Median Price of New Listings: $1,200,000
- Price per Square Foot: $480
- Average Days on Market: 124
- Median Days on Market: 77
- Price Decreased: 27% of listings
- Price Increased: 0% of listings
- Relisted Properties: 17%
- Inventory: 300 properties
- Median Rent: $6,000 / month
Market Segments
Rancho Mirage 92270 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,500,000+ | 4,500+ | 0.4 – 1+ acre (gated/estate) | 5–7+ | 5–8+ | 5–25 yrs | 3 | 2 | 100 |
| $1,800,000 to $3,500,000 | 3,000 to 4,500 | 0.25 – 0.6 acre | 4–6 | 4–6 | 10–40 yrs | 9 | 5 | 85 |
| $900,000 to $1,800,000 | 2,000 to 3,000 | Condo / Patio Home / Small lot | 3–4 | 3–4.5 | 20–50 yrs | 16 | 11 | 75 |
| Under $900,000 | 1,400 to 2,000 | Condo / Townhome | 2–3 | 2–3 | 25–60 yrs | 10 | 7 | 70 |
Conclusion
Rancho Mirage 92270 persists as one of the Coachella Valley’s most distinguished and sought-after areas. Even as buyers experience expanded inventory and additional evaluation time compared to recent peaks, robust interest in superior, strategically located homes maintains pricing stability. Sellers who emphasize presentation and realistic pricing continue to realize favorable results in high-demand zones, while buyers encounter broader selections and stronger negotiating positions across various segments.
Contact Information
For personalized insights and exclusive opportunities in Rancho Mirage 92270, reach out to GrayWall Real Estate.
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