Rancho Mirage, CA Housing Market
Median List Price
$850,000
Updated August 2026
Today, Rancho Mirage has 249 homes for sale at a median list price of $850,000, typically selling in about 64 days.
Rancho Mirage Market Analysis
Buyers in Rancho Mirage, CA are looking at a median list price of $850,000. Per square foot, the median stands at $386. Since February, the median price has moved down about 6.8% to $875,000 as of July.
It takes about 47 days for the typical home here to go under contract. Rancho Mirage, CA has 249 active listings on the market right now. 57 new listings came on the market in the last 30 days.
Pricing spreads from a $309,000 median for one bedroom homes to $4.5M for five bedroom homes. Most of what is for sale here is single family homes, about 61.4% of the mix, with condos accounting for another 37.8%. Addresses here carry the 92270 ZIP code.
Rancho Mirage Rental Market
Renters in Rancho Mirage, CA are looking at a median asking rent of $6,000. Since February, the median rent has moved up about 2.8% to $3,800 as of July. Rancho Mirage, CA has 179 active rental listings on the market right now.
Rancho Mirage Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 64 days to sell, and 6.1 months of supply is more than current demand absorbs. At the same time, sales volume is up 24% versus six months ago, and sale prices are up 2% over the last six months, though still 10% below a year ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$850K
↓ 10% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
6.1 months of supply
Ample Supply249 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~64 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The slowdown has deepened 18% versus six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 40% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Rancho Mirage
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
82%
Homeowners
18%
Renters
Homeownership is 26.5 points higher than the California average (55.5%)
8,686 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $999K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$2.1M)
Price Reductions
92 listings have reduced their price
37% of active listings
Average reduction: 7.1% (~$60K)
Browse Rancho Mirage Listings
Frequently Asked Questions about the Rancho Mirage, CA Housing Market
What is the median home price in Rancho Mirage, CA?
The median list price in Rancho Mirage is $850,000 as of August 2026, based on 249 active listings.
Is Rancho Mirage a buyer's market or a seller's market?
Rancho Mirage currently reads as a buyer's market. Active inventory works out to about 6.1 months of supply at the recent sales pace.
How fast do homes sell in Rancho Mirage?
Homes that closed in the last 90 days typically went under contract in about 47 days. The average home currently for sale has been on the market for 64 days.
Are home prices in Rancho Mirage going up or down?
The median sale price in Rancho Mirage is down about 9.8% compared with a year ago.
How many homes are for sale in Rancho Mirage, CA?
There are 249 homes for sale in Rancho Mirage right now, including 9 listed within the last week.
What is the median rent in Rancho Mirage?
The median asking rent in Rancho Mirage is $6,000 per month, across 179 active rental listings.