Rancho Mirage, CA Real Estate Market Report – August 2025

The Rancho Mirage housing market in August 2025 reflects a cooling trend with softer prices and slower sales. Whether you’re a buyer, seller, or investor in this upscale Coachella Valley community, knowing the latest market dynamics is crucial to making confident, strategic decisions.

Current Rancho Mirage Market Snapshot – August 2025

• Active Listings: 351

• Pending Sales: 48

• Median List Price: $899,000

• Median Sale Price Change (Year-Over-Year): ↓ 3%

• Median Price Per Square Foot: ↓ $18 from last year

• Median Sale-to-List Price Ratio: ↓ 2%

• Closed Sales: ↓ 25%

• Median Days on Market: 31 days slower than last year

What This Means for Rancho Mirage Home Buyers

Buyers in Rancho Mirage now face a market with more options and longer selling times—over 350 active listings and homes sitting 31 days longer on average than last year. Prices are down 3%, with a notable decrease in price per square foot, creating an opening for well-informed buyers.

The slower market pace means buyers can take their time negotiating and exploring the luxury offerings of Rancho Mirage, including golf course estates, gated communities, and resort-style properties.

Tip for buyers: Use this slower market to your advantage by targeting homes that have been listed for 45+ days where sellers may be motivated.

What This Means for Rancho Mirage Home Sellers

Sellers are navigating a market with reduced demand, evidenced by a 25% drop in closed deals and longer time on market. Pricing strategy is more critical than ever. Overpricing risks extended market times, while competitive pricing can attract the serious buyers still active in the market.

Sellers should:

• Price aggressively but realistically to attract early interest.

• Invest in premium marketing to highlight lifestyle amenities unique to Rancho Mirage.

• Be flexible with negotiation and prepared for longer transaction timelines.

Rancho Mirage Real Estate Investment Outlook

Rancho Mirage continues to attract luxury buyers and investors focused on resort living and seasonal occupancy. The price adjustments may present buying opportunities, especially for investors targeting vacation rental or second-home markets.

Bottom Line – Rancho Mirage Market Slows, But Opportunity Remains

In August 2025, the Rancho Mirage real estate market is slower and softer on price, but savvy buyers and sellers who understand the landscape can still achieve favorable outcomes. Working with a local market expert is key to navigating this evolving desert market.

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