Banning Housing Market Report – June 2026
Here's a look at how the Banning, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 78
- Median Sale Price: $399,500
- Average Sale Price: $406,803
- Average Price Per Sq Ft: $257
- Average Days on Market: 102
- Sale-to-List Price Ratio: 99.1%
Month-Over-Month Trends
Compared to May, the median sale price in Banning moved 5.1% up (from $380,000 to $399,500). The number of homes sold was 13.0% up compared to the prior month (69 vs. 78). Average days on market shifted 4.7% down (107 days to 102 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 11.2% down (from $450,086 to $399,500). Sales volume is 23.8% up year-over-year.
What This Means
Banning's housing market is showing signs of stabilization this June, though with some mixed signals underneath the surface. While sales volume jumped 13 percent month-over-month and homes are moving slightly faster, the year-over-year median price decline of 11.2 percent tells the real story—prices have cooled considerably from last year's peak of $450,086. The current median of $399,500 suggests buyers are gaining ground after months of affordability challenges, though we should note the earlier volume surge may partly reflect improved data collection rather than a true market surge.
What's encouraging is the narrowing gap between list and sale prices at 99.1 percent, indicating a more balanced negotiating position for both sides. Homes are spending about three and a half months on the market, down from previous months, which hints at reasonable demand despite the price pullback. However, the 371 active listings with a median asking price of $372,000 signals continued inventory—sellers aren't clearing out quickly, and many homes are sitting for nearly five months.
For buyers, this environment offers opportunity at lower prices. For sellers, it's a reminder that Banning's market is normalizing after a heated cycle. The combination of falling prices and slower days-on-market suggests we're finding a new equilibrium.
Banning Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92220 | 78 | $399,500 | $257 | 102 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 62 | $418,500 | $264 |
| LAND | 9 | $516,000 | N/A |
| CONDOS | 3 | $260,000 | $294 |
| MOBILE | 3 | $163,000 | $114 |
| OTHER | 1 | $180,000 | $132 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 5 |
| $200K - $299K | 9 |
| $300K - $399K | 24 |
| $400K - $499K | 15 |
| $500K - $749K | 24 |
Current Active Listings
As of this report, there are 371 active listings in Banning with a median asking price of $372,000 and an average of 145 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.
Thinking of selling in Banning? Get a cash offer.
Takes about 30 seconds. No obligation.