3 homes in Morningside
Homes for Sale in Morningside, Rancho Mirage
Morningside Market Snapshot
$1.9M
Median Price
$571
Avg $/Sq Ft
98
Avg Days on Market
0
New This Week
About Morningside, Rancho Mirage
Morningside is a sought-after neighborhood in Rancho Mirage, TN. Currently, there are 3 homes for sale in this area with a median listing price of $1.9M. The average price per square foot is $571.
Rancho Mirage Market Report
Rancho Mirage Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 64 days to sell, and 36% of sellers have trimmed their asking price. At the same time, sale prices are up 4% over the last six months, though still 8% below a year ago, and sales volume is up 24% versus six months 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
$859K
↓ 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 Supply261 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.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $1.0M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$2.1M)
Price Reductions
94 listings have reduced their price
36% of active listings
Average reduction: 7.1% (~$61K)
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