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Rancho Mirage Market Report

$1,255,173

AVERAGE PRICE OF 290 HOMES

$2,200,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,436,168

AVERAGE PRICE OF 104 MULTI-MILLION DOLLAR HOMES

$1,816,148

AVERAGE PRICE OF 28 NEWLY BUILT HOMES

$1,317,682

AVERAGE PRICE OF 219 HOMES WITH A POOL

$808,250

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $1,255,173
Avg Bedrooms 2.88 beds
Avg Bathrooms 3.04 baths

Average Price by Bedrooms

1 bedroom $262,600
2 bedrooms $634,893
3 bedrooms $927,707
4 bedrooms $1,812,652
5 bedrooms $2,302,847
Rancho Mirage Home Price Trends
  9/2023 8/2023 7/2023 6/2023 5/2023
Total Listings 287 284 306 328 351
Average Price $1,215,360 $1,268,454 $1,270,083 $1,321,454 $1,303,041
Avg Price Change -4.37% -0.13% -4.04% +1.41% -1.36%
Median Price $788,583 $795,750 $790,834 $830,046 $803,065
Med Price Change -0.91% +0.62% -4.96% +3.36% -3.54%
Avg Bedrooms 2.92 beds 2.89 beds 2.92 beds 2.97 beds 2.9 beds
Avg Bathrooms 3.03 baths 3.05 baths 3.13 baths 3.18 baths 3.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cathedral City 2 $697,000 141 days
Palm Desert 1 $5,250,000 121 days
Rancho Mirage 12 $1,387,317 38 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 290 $1,255,173 99 days
Distressed Homes 1 $2,200,000 173 days
Multi-Million Dollar Homes 104 $2,436,168 92 days
Newly Built Homes 28 $1,816,148 65 days
Homes with a Pool 219 $1,317,682 91 days
Reduced Price Homes 12 $808,250 54 days
Thunderbird Realty Company
Carly Butterfield
71-330 Hwy 111
Rancho Mirage, CA 92270
760-880-5881
DRE# 01886357

Based on information from California Regional Multiple Listing Service, Inc. as of October 3, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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