The average home value in Rancho Mirage is $893,896, up 3% in the past year. Home values have nearly doubled since 2016 when the median price was $471,813. (Source - Zillow, April 18, 2024)
Compared with Palm Springs, where the average home value is $672,466 and values are up 0.2% over the past year. (Source - Zillow, April 18, 2024)
Market Overview (Source - Zillow)
--1-year Market Forecast
350 For sale inventory(March 31, 2024)
100 New listings(March 31, 2024)
0.971 Median sale to list ratio(February 29, 2024)
$913,333 Median sale price(February 29, 2024)
$960,317 Median list price(March 31, 2024)
10.2% Percent of sales over list price(February 29, 2024)
76.5% Percent of sales under list price(February 29, 2024)
46 Median days to pending(March 31, 2024)
(Metric availability is based on market coverage and data
Neighborhoods in Rancho Mirage (Source - Zillow)
Name Median Zillow Home Value
Araby Cove                        $1,332,632
Cathedral Canyon Cove $668,515
McPherson-Pioneer Ranch $494,638
Melody Ranch                       $513,687
Panorama $512,918
Sunny Sands                          $527,137
The Grove $604,084
Whitewater                            $416,309