Your Local Market Report

Banning, CA 92220

Single-Family Homes



Banning, CA 92220

Thu Jul 03 2025
This week the median list price for Banning, CA 92220 is $462,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 156. 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.

Slight Seller's Advantage

Market Narrative

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

Thu Jul 03 2025
This week the median list price for Banning, CA 92220 is $462,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 156. 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.

Slight Seller's Advantage

Market Narrative

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 $462,500
Median Price of New Listings $444,405
Per Square Foot $270
Average Days on Market 85
Median Days on Market 56
Price Decreased 42%
Price Increased 12%
Relisted 6%
Inventory 156
Median Rent
Market Action 38
Slight Seller's Advantage

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
$600,000 2,286 0.25 - 0.5 acre 4 2.5 21 2 1 77
$499,000 1,787 6,500 - 8,000 sqft 3 2.5 5 3 5 49
$410,000 1,471 4,500 - 6,500 sqft 2 2 26 3 9 42
$354,900 1,312 4,500 - 6,500 sqft 2 2 36 4 9 77