Banning Housing Market Report – April 2026
Here's a look at how the Banning, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 39
- Median Sale Price: $420,000
- Average Sale Price: $397,297
- Average Price Per Sq Ft: $276
- Average Days on Market: 112
- Sale-to-List Price Ratio: 97.8%
Month-Over-Month Trends
Compared to March, the median sale price in Banning moved 7.7% up (from $390,000 to $420,000). The number of homes sold was 26.4% down compared to the prior month (53 vs. 39). Average days on market shifted 8.7% up (103 days to 112 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 8.7% down (from $460,000 to $420,000). Sales volume is 37.1% down year-over-year.
What This Means
Banning's housing market is sending mixed signals this April. While the median price ticked up 7.7% month-over-month to $420,000, that gain looks less impressive when you zoom out—prices are actually down 8.7% from a year ago. The real concern is the dramatic drop in sales volume, plummeting 26% just this month and 37% year-over-year. This suggests fewer buyers are actively purchasing, which typically happens when affordability tightens or economic uncertainty creeps in.
The extended time on market tells the story most clearly. Homes are now sitting for an average of 112 days, up from 103 just last month. With 337 active listings chasing only 39 sales, inventory is piling up faster than homes are moving. That said, sellers who do list are still capturing nearly 98% of their asking price, which isn't terrible—it just means the market has shifted firmly toward buyers.
What's really happening here is a slowdown. Banning's spring season isn't delivering the usual buyer rush, likely due to persistent affordability challenges and elevated rates. For sellers, this is a reminder to price competitively and highlight value. For buyers, patience may finally be rewarding.
Banning Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92220 | 39 | $420,000 | $276 | 112 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 32 | $450,000 | $280 |
| CONDOS | 3 | $315,000 | $297 |
| LAND | 2 | $38,250 | N/A |
| MOBILE | 2 | $187,500 | $182 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $100K - $199K | 2 |
| $200K - $299K | 4 |
| $300K - $399K | 11 |
| $400K - $499K | 10 |
| $500K - $749K | 10 |
Current Active Listings
As of this report, there are 337 active listings in Banning with a median asking price of $365,000 and an average of 141 days on market.
Thinking About Selling Your Banning Home?
If you're a homeowner in Banning considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Banning and throughout Riverside County — get a no-obligation cash offer today.