Your Local Market Report

Banning, CA 92220

Single-Family Homes



Banning, CA 92220

Sun May 29 2022
This week the median list price for Banning, CA 92220 is $415,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has increased to 53. Click here to stay informed with the Banning market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Banning, CA 92220

Sun May 29 2022
This week the median list price for Banning, CA 92220 is $415,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has increased to 53. Click here to stay informed with the Banning market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Banning market.
Median List Price $415,000
Median Price of New Listings $407,500
Per Square Foot $279
Average Days on Market 25
Median Days on Market 14
Price Decreased 21%
Price Increased 4%
Relisted 2%
Inventory 53
Median Rent
Market Action 79
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$549,000 2,166 8,000 - 10,000 sqft 3 2.5 20 2 3 14
$449,500 1,613 6,500 - 8,000 sqft 3 2 34 5 2 7
$399,950 1,314 4,500 - 6,500 sqft 2 2 32 4 2 21
$336,944 1,183 6,500 - 8,000 sqft 3 2 63 5 6 10