Banning, CA
Housing market overview · Updated weekly
$400,000median sale price
Homes sold
31
Last 12 weeks
Days on market
102
Average pace
Active listings
169
5.5 months supply
Sale-to-list
99.0%
Below asking
The Banning housing market is currently classified as a buyer's market with a median sale price of $400,000. Prices have fallen 7.0% compared to last year, with homes spending an average of 102 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Banning
There are currently 169 homes listed for sale in Banning, California. The median listing price is $450K.
Active listings
169
Homes on market
Median list price
$450K
Avg. days on market
102
Days until sale
New this week
62
Newly listed
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Frequently asked questions
What is the average home price in Banning?
The median home sale price in Banning is $400,000, down 7.0% from last year.
How long do homes stay on market in Banning?
Homes typically spend 102 days on market before going under contract.
Is Banning a buyer's or seller's market?
With 5.5 months of supply, Banning is currently a buyer's market.
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