From October through December of 2019, there were 172 homes sold, with a median sale price of $617,500 - a 26.4% increase over the $488,500 median sale price for the same period of the previous year. There were 160 homes sold in Rancho Mirage in the fourth quarter of 2018.
The median sales tax in Rancho Mirage for 2019 was $6,495. In 2018, the median sales tax was $6,309. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Rancho Mirage to other Riverside County cities with similar median sale prices in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Yucaipa | 4 | 2 | 100% | $651,250 | $695,000 | -6.3% |
| Colton | 4 | 1 | 300% | $625,000 | $380,000 | 64.5% |
| Rancho Mirage | 172 | 160 | 7.5% | $617,500 | $488,500 | 26.4% |
| Indian Wells | 60 | 54 | 11.1% | $610,000 | $707,000 | -13.7% |
| Norco | 82 | 68 | 20.6% | $569,000 | $577,091 | -1.4% |
| Corona | 679 | 576 | 17.9% | $525,000 | $499,500 | 5.1% |
| Mountain Center | 7 | 7 | 0% | $525,000 | $518,000 | 1.4% |
| Mira Loma | 38 | 40 | -5% | $482,500 | $479,000 | 0.7% |
| Temecula | 476 | 404 | 17.8% | $470,000 | $450,000 | 4.4% |
| Canyon Lake | 70 | 60 | 16.7% | $469,000 | $440,000 | 6.6% |
| La Quinta | 339 | 325 | 4.3% | $445,000 | $419,500 | 6.1% |
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