45 homes in near Banning Independent Study
Homes for Sale near Banning Independent Study
Banning, CA
About Homes near Banning Independent Study
About Banning: Banning Independent Study is located in Banning. Banning is a city in Riverside County, California, United States. Its population was 29,505 as of the 2020 census, down from 29,603 at the 2010 census. It is situated in the San Gorgonio Pass, also known as Banning Pass. It is named for Phineas Banning, stagecoach line owner and the "Father of the Port of Los Angeles."
These are homes for sale within about 2 miles of Banning Independent Study in Banning (Topfind School Score: 1/10). The area around the school has 45 active listings.
Banning Independent Study Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. Sale prices have eased 15% over the last six months, though they remain 3% above a year ago, and the typical home takes about 61 days to sell. At the same time, selling times have improved 59% versus six months ago, and sales volume is up 13% 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
$450K
↑ 3% 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
5.0 months of supply
Balanced Supply45 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 ~61 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 59% 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 47% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Banning Independent Study 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 generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $70K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$200K)
Price Reductions
18 listings have reduced their price
40% of active listings
Average reduction: 9.8% (~$44K)
Banning Independent Study Area Market Overview
Banning Independent Study is a K-12 school in the Banning Unified district. The school carries a Topfind School Score of 1. Homes here sit near the school. An attendance boundary is not mapped for this campus, so check enrollment eligibility with the district. The median list price in the Banning Independent Study area is $450,000. Compared with Banning overall, that is a 12.8% premium. Current inventory stands at 45 active listings. February to July saw the median price go from $440,000 to $400,000, down about 9.1%.
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Nearby Schools
Frequently Asked Questions about Homes near Banning Independent Study
How many homes are for sale in Banning Independent Study Area, CA?
There are currently 45 homes for sale in Banning Independent Study Area, ranging from $295,000 to $2,000,000. 5 of them hit the market within the last week.
What is the median home price in Banning Independent Study Area?
The median list price in Banning Independent Study Area is $450,000. Price per square foot averages $351. Prices are up 3.4% compared to a year ago.
How fast do homes sell in Banning Independent Study Area?
Homes in Banning Independent Study Area currently average 61 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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