In January 2020, there were 64 homes sold, with a median sale price of $512,500 - a 14.5% decrease over the $599,500 median sale price for the same period of the previous year. There were 50 homes sold in Rancho Mirage in January 2019.
The median sales tax in Rancho Mirage for the most recent year with available data, 2019, was $6,495, approximately 1.3% of the median home sale price for January 2020.
The following table compares Rancho Mirage to other Riverside County cities with similar median sale prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Indian Wells | 27 | 19 | 42.1% | $820,000 | $750,000 | 9.3% |
| Yucaipa | 1 | 0 | - | $680,000 | $0 | - |
| Norco | 25 | 11 | 127.3% | $585,000 | $485,000 | 20.6% |
| Mira Loma | 9 | 5 | 80% | $540,000 | $470,000 | 14.9% |
| Rancho Mirage | 64 | 50 | 28% | $512,500 | $599,500 | -14.5% |
| Corona | 144 | 156 | -7.7% | $505,000 | $528,000 | -4.4% |
| Canyon Lake | 9 | 14 | -35.7% | $475,000 | $377,750 | 25.7% |
| Temecula | 135 | 103 | 31.1% | $472,500 | $450,000 | 5% |
| Palm Springs | 102 | 116 | -12.1% | $450,000 | $437,500 | 2.9% |
| Nuevo | 7 | 2 | 250% | $435,000 | $415,000 | 4.8% |
| La Quinta | 118 | 101 | 16.8% | $434,750 | $465,000 | -6.5% |
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