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Featured local agent — Banning, CA
Sarah Mitchell
Compass Real Estate · Banning, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Banning, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$405,000median sale price
How is the Banning, CA housing market right now?
The median home sale price in Banning, CA is $405,000, down 5.8% year-over-year. Homes sell in an average of 89 days with 136 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Banning a buyer's or seller's market?
Banning, CA is currently a balanced market, based on 2.7 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
50
Last 12 weeks
Days on market
89
Average pace
Active listings
136
2.7 months supply
Sale-to-list
98.6%
Below asking
What does the Banning housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $405,000 |
| Median list price | $431,450 |
| Year-over-year price change | -5.8% |
| Average days on market | 89 days |
| Active inventory | 136 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $256/sq ft |
| Homes sold (latest month) | 50 |
| New listings (latest month) | 54 |
| Listings with a price cut | 25.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Banning by property type?
How the Banning, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $475,000 | $258/sq ft | 43 | 83 days |
| Condo / Co-op | $285,797 | $232/sq ft | 5 | 107 days |
Source: Redfin · Updated monthly
The Banning housing market is currently classified as a balanced market with a median sale price of $405,000. Prices have fallen 5.8% compared to last year, with homes spending an average of 89 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Banning
There are currently 136 homes listed for sale in Banning, California. The median listing price is $431K.
Active listings
136
Homes on market
Median list price
$431K
Avg. days on market
89
Days until sale
New this week
54
Newly listed
Who lives in Banning?
Population
30,680
Median income
$57,699/yr
Median age
43.3 years
Owner-occupied
71.5%
College grads
17.4%
Avg commute
30.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Banning?
Zillow home value
$413,351
Zillow rent index
$1,791/mo
Price-to-rent ratio
19.2x
Price-to-income
7.2x
Source: Zillow Research
What is it like to live in Banning?
Banning is a community of approximately 31K residents with a median age of 43.3 years.The median household income is $57,699, which represents a working-class community with solid middle-income opportunities. 17.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Banning offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Banning?
11 schools tracked · 4,093 students
The largest public schools serving Banning, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Banning High
Grades 9-12 · 1,146 students
Nicolet Middle
Grades 6-8 · 985 students
Central Elementary
Grades K-5 · 754 students
Hemmerling Elementary
Grades K-5 · 477 students
Hoffer Elementary
Grades K-5 · 434 students
Banning Independent Study
Grades K-12 · 96 students
Florida Street Discovery Center
Grades K · 80 students
New Horizon High
Grades 9-12 · 76 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Banning, CA?
Want a head-to-head view? Compare Banning side-by-side with any other U.S. city using our market-comparison tool.
Is Banning a good real estate investment market?
For investors evaluating Banning, the price-to-rent ratio of 19.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 5.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Banning's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Banning's median home price.
Frequently asked questions
What is the average home price in Banning?
The median home sale price in Banning is $405,000, down 5.8% from last year.
How long do homes stay on market in Banning?
Homes typically spend 89 days on market before going under contract.
What is the median income in Banning?
The median household income is $57,699 per year.
Is Banning a buyer's or seller's market?
With 2.7 months of supply, Banning is currently a balanced market.
What is the Zillow home value estimate for Banning?
The Zillow Home Value Index (ZHVI) for Banning is $413,351, representing the typical home value in the area.
What is the median condo price in Banning?
The median condo/co-op sale price in Banning, CA is $285,797, compared to $475,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Banning?
The median single-family home price in Banning, CA is $475,000 (about $258 per square foot).
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