Justin Tye

Banning, CA

Single-Family Homes

Active Realty I REAL



Banning, CA

Fri May 24 2024
This week the median list price for Banning, CA is $434,950 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 68. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Banning, CA

Fri May 24 2024
This week the median list price for Banning, CA is $434,950 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 68. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Banning market.
Median List Price $434,950
Median Price of New Listings $448,000
Per Square Foot $266
Average Days on Market 66
Median Days on Market 42
Price Decreased 34%
Price Increased 1%
Relisted 6%
Inventory 68
Median Rent
Market Action 50
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$585,000 2,133 8,000 - 10,000 sqft 3 2.5 22 3 1 63
$465,000 1,683 6,500 - 8,000 sqft 2 2 30 4 1 35
$399,000 1,475 4,500 - 6,500 sqft 3 2 35 3 6 42
$340,000 996 0 - 4,500 sqft 2 2 44 3 3 35