Banning Housing Market Report – August 2026
Here's a look at how the Banning, CA real estate market performed in August 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 54
- Median Sale Price: $417,944
- Average Sale Price: $499,281
- Average Price Per Sq Ft: $266
- Average Days on Market: 114
- Sale-to-List Price Ratio: 98.6%
Month-Over-Month Trends
Compared to July, the median sale price in Banning moved 14.5% up (from $365,000 to $417,944). The number of homes sold was 14.3% down compared to the prior month (63 vs. 54). Average days on market shifted 0.0% down (114 days to 114 days).
Year-Over-Year Comparison
Compared to August 2025, the median sale price is 10.9% down (from $469,000 to $417,944). Sales volume is 32.5% down year-over-year.
Banning Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92220 | 54 | $417,944 | $266 | 114 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 41 | $423,888 | $276 |
| LAND | 7 | $511,000 | N/A |
| CONDOS | 3 | $275,000 | $305 |
| MOBILE | 3 | $78,000 | $99 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 3 |
| $200K - $299K | 5 |
| $300K - $399K | 15 |
| $400K - $499K | 18 |
| $500K - $749K | 12 |
| $750K+ | 1 |
Current Active Listings
As of this report, there are 428 active listings in Banning with a median asking price of $379,000 and an average of 142 days on market.
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