In August, Rancho Mirage saw 55 homes sold, which is down about 10% compared to last year. The median sale price settled at $880,000, reflecting a 9% drop. On the flip side, inventory climbed to 337 homes, giving buyers more options, while the average time on market stretched to 72 days, up 16%.
The market is leaning more balanced with 5.9 months of supply, though values are holding steady with the median price per square foot rising to $398, a 2.5% increase.
For buyers, this means more choices, more time, and more negotiating power. For sellers, it’s all about pricing strategically — homes are still moving, but today’s buyers are more selective.
The bottom line: Rancho Mirage is settling into a more balanced market, where both buyers and sellers can benefit. And with its golf courses, resort lifestyle, and mountain views, the appeal of living here is as strong as ever.
Comments(1)