92270 Housing Market
Median List Price
$849,000
Updated August 2026
Today, the 92270 ZIP code in Rancho Mirage, CA has 249 homes for sale at a median list price of $849,000, typically selling in about 64 days.
92270 Housing Market Overview
The median list price in the 92270 ZIP code is $849,000. That is roughly in line with the Rancho Mirage median. Current inventory stands at 249 active listings. February to July saw the median price go from $939,000 to $875,000, down about 6.8%.
92270 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 64 days to sell, and 37% of sellers have trimmed their asking price. 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 8% 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
$849K
↓ 8% 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
5.7 months of supply
Balanced Supply249 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. 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 92270 Area
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: 7.0% (~$59K)
Browse 92270 Listings
Frequently Asked Questions about the 92270 Housing Market
What is the median home price in the 92270 ZIP code?
The median list price in the 92270 ZIP code is $849,000 as of August 2026, based on 249 active listings.
Is the 92270 ZIP code a buyer's market or a seller's market?
The 92270 ZIP code currently reads as a buyer's market. Active inventory works out to about 5.7 months of supply at the recent sales pace.
How fast do homes sell in the 92270 ZIP code?
The average home currently for sale in the 92270 ZIP code has been on the market for 64 days.
Are home prices in the 92270 ZIP code going up or down?
The median sale price in the 92270 ZIP code is down about 7.9% compared with a year ago.
How many homes are for sale in the 92270 ZIP code?
There are 249 homes for sale in the 92270 ZIP code right now, including 8 listed within the last week.