92220 Housing Market
Median List Price
$399,000
Updated August 2026
Today, the 92220 ZIP code in Banning, CA has 163 homes for sale at a median list price of $399,000, typically selling in about 60 days.
92220 Housing Market Overview
Homes in the 92220 ZIP code carry a median list price of $399,000. That sits close to the overall Banning figure. The median price moved from $400,000 in February to $390,000 in July, a 2.5% decrease over six months. Right now 163 homes are on the market in the 92220 ZIP code. Six bedroom homes carry the highest medians at $660,000, with one bedroom homes starting the range at $299,000.
92220 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. Sale prices have eased 12% over the last six months and are 12% below a year ago, and the typical home takes about 60 days to sell. At the same time, sales volume is up 32% 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
$399K
↓ 12% 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
4.8 months of supply
Balanced Supply163 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 ~60 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 7% 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 48% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92220 Area
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 rise significantly with each additional bedroom.
Each additional bedroom adds about $83K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$109K)
Price Reductions
68 listings have reduced their price
42% of active listings
Average reduction: 6.5% (~$26K)
Browse 92220 Listings
Frequently Asked Questions about the 92220 Housing Market
What is the median home price in the 92220 ZIP code?
The median list price in the 92220 ZIP code is $399,000 as of August 2026, based on 163 active listings.
Is the 92220 ZIP code a buyer's market or a seller's market?
The 92220 ZIP code currently reads as a balanced market. Active inventory works out to about 4.8 months of supply at the recent sales pace.
How fast do homes sell in the 92220 ZIP code?
The average home currently for sale in the 92220 ZIP code has been on the market for 60 days.
Are home prices in the 92220 ZIP code going up or down?
The median sale price in the 92220 ZIP code is down about 12.5% compared with a year ago.
How many homes are for sale in the 92220 ZIP code?
There are 163 homes for sale in the 92220 ZIP code right now, including 15 listed within the last week.