Rancho Mirage Real Estate Market Trends

Market Overview for Quarter 3, 2024


Median Sale Price

$973K

14.8% YoY


Median Price/Sqft

$394

1.8% YoY


No. of Transactions

46

-76.3% YoY


County Median Sale Price

$605K

5.2% YoY

In Q3, the median home sale price in Rancho Mirage was $973K, an increase of 14.8% year-over-year. By contrast, sales activity trended down with 46 deals closed, representing a decline of -76.3% compared to the same period last year. The median price per square foot in Q3 was $394, a change of 1.8% year-over-year, while the median sale price in Riverside County was $605K.

Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.

Rancho Mirage Median Sale Price

Rancho Mirage Median Sale Price Per Square Foot

Rancho Mirage Transactions

Top Cities in Riverside County

Ranking City Median Sale Price
1 Rancho Mirage $973,000
2 Temecula $785,500
3 Corona $750,000
4 LA Quinta $733,000
5 Jurupa Valley $685,000
6 Murrieta $670,000
7 Riverside $669,250
8 Winchester $639,000
9 Wildomar $630,000
10 Palm Desert $591,250
11 Perris $580,000
12 Lake Elsinore $575,250
13 Indio $570,500
14 Menifee $570,000
15 Palm Springs $555,000
16 Moreno Valley $552,500
17 Beaumont $537,500
18 San Jacinto $480,000
19 Hemet $460,000
20 Cathedral City $439,000
21 Banning $399,000
22 Desert Hot Springs $370,000

Residential Property Types Sold in Rancho Mirage

Property Type Median Sale Price Y-o-Y Change Median Sale Price/Sq. Ft Y-o-Y Change Transactions
Condo $610K -5.8% $358 5.3% 21
House $1.2M 21.6% $449 9.8% 25

The median sale price for houses in Rancho Mirage in Q3 was $1.2M, up 21.6% year-over-year (Y-o-Y). By contrast, the median sale price for condos in Rancho Mirage was trending down at -5.8% year-over-year, closing Q3 at $610K.

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