Rancho Mirage Housing Market Report – May 2026
Here's a look at how the Rancho Mirage, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 71
- Median Sale Price: $772,000
- Average Sale Price: $1,049,971
- Average Price Per Sq Ft: $395
- Average Days on Market: 110
- Sale-to-List Price Ratio: 95.5%
Month-Over-Month Trends
Compared to April, the median sale price in Rancho Mirage moved 11.5% down (from $872,500 to $772,000). The number of homes sold was 33.6% down compared to the prior month (107 vs. 71). Average days on market shifted 31.0% up (84 days to 110 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 7.0% down (from $830,000 to $772,000). Sales volume is 27.6% down year-over-year.
What This Means
Rancho Mirage's housing market is showing clear signs of cooling heading into summer. The median price dropped 11.5% month-over-month to $772,000, continuing a downward trend that's also visible year-over-year. More telling than the volume numbers is the jump in days on market from 84 to 110 days—properties are sitting significantly longer, suggesting buyers are taking their time and sellers are competing harder for attention. With 573 active listings on the market, inventory is healthy, which gives buyers negotiating power they haven't had in stronger markets.
The 95.5% sale-to-list ratio indicates homes are still selling close to asking price, so it's not a buyer's market quite yet, but the trend is moving that direction. The gap between median and average prices—$772,000 versus nearly $1.05 million—shows a split between the market's core affordable inventory and luxury properties that command premium prices. For buyers, this slowdown offers opportunity; for sellers, timing matters more than ever. The seasonal shift toward summer, combined with lingering interest rate concerns, is likely keeping some fence-sitters on the sidelines rather than spurring quick purchases.
Rancho Mirage Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92270 | 71 | $772,000 | $395 | 110 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 40 | $1,141,250 | $463 |
| CONDOS | 27 | $540,000 | $304 |
| CONDO | 2 | $900,000 | $394 |
| LAND | 1 | $837,500 | N/A |
| MOBILE | 1 | $170,000 | $113 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 1 |
| $200K - $299K | 2 |
| $300K - $399K | 5 |
| $400K - $499K | 5 |
| $500K - $749K | 20 |
| $750K+ | 37 |
Current Active Listings
As of this report, there are 573 active listings in Rancho Mirage with a median asking price of $899,000 and an average of 104 days on market.
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