Banning, CA Housing Market
Median List Price
$407,000
Updated August 2026
Today, Banning has 170 homes for sale at a median list price of $407,000, typically selling in about 58 days.
Banning Market Analysis
The median list price in Banning, CA is $407,000. Current inventory stands at 170 active listings. 55 new listings came on the market in the last 30 days.
Expect a median around $373,875 for two bedroom homes and $629,056 at the five bedroom end. Single family homes lead the mix at 84.1%. Little has changed over the last six months, with the median price at $400,000 in July versus $400,000 in February. Per square foot, the median stands at $265.
Homes here typically go under contract in about 25 days. Addresses here carry the 92220 ZIP code.
Banning Rental Market
The median asking rent in Banning, CA is $2,495. Current inventory stands at 11 active rental listings. February to July saw the median rent go from $3,500 to $3,100, down about 11.4%.
Banning Market Pulse
Topfind Market Read
Buyers hold the edge right now. Sale prices have eased 10% over the last six months and are 11% below a year ago, and 39% of sellers have trimmed their asking price. At the same time, sales volume is up 33% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$407K
↓ 11% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
5.2 months of supply
Balanced Supply170 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~58 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 8% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 52% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Banning
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
71%
Homeowners
29%
Renters
Homeownership is 15.5 points higher than the California average (55.5%)
11,494 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $79K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$162K)
Price Reductions
66 listings have reduced their price
39% of active listings
Average reduction: 6.7% (~$27K)
Browse Banning Listings
Frequently Asked Questions about the Banning, CA Housing Market
What is the median home price in Banning, CA?
The median list price in Banning is $407,000 as of August 2026, based on 170 active listings.
Is Banning a buyer's market or a seller's market?
Banning currently reads as a buyer's market. Active inventory works out to about 5.2 months of supply at the recent sales pace.
How fast do homes sell in Banning?
Homes that closed in the last 90 days typically went under contract in about 25 days. The average home currently for sale has been on the market for 58 days.
Are home prices in Banning going up or down?
The median sale price in Banning is down about 10.6% compared with a year ago.
How many homes are for sale in Banning, CA?
There are 170 homes for sale in Banning right now, including 19 listed within the last week.
What is the median rent in Banning?
The median asking rent in Banning is $2,495 per month, across 11 active rental listings.