Is Banning, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
Since last year, Banning has remained a Seller's Market.
How much do homes in Banning, CA cost?
Median Sold Price
$365,125
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2021
Median Sold Price By Bedroom Count
# BEDS | Apr 2021 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | $163.2K | $271.5K | +66.3% |
2 Bedrooms | $275.7K | $355K | +28.7% |
3 Bedrooms | $297.7K | $360K | +20.9% |
4 Bedrooms | $330.2K | $432.5K | +30.9% |
5+ Bedrooms | $417.5K | $590K | +41.3% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Beaumont | +29.1% |
Banning | +26.4% |
San Gorgonio Pass | +26.4% |
How many homes are available in Banning, CA?
Number of Homes For Sale
Mar 2022 | Apr 2022 | % |
---|---|---|
161 | 155 | -3.7% |
Homes For Sale By Bedroom Count
# BEDS | Mar 2022 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 79 | 79 | 0.0% |
3 Bedrooms | 54 | 57 | +5.6% |
4 Bedrooms | 21 | 15 | -28.6% |
5+ Bedrooms | 6 | 4 | -33.3% |
Number of Homes Sold
Mar 2022 | Apr 2022 | % |
---|---|---|
48 | 45 | -6.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Average Sale Time
Apr 2021 | Apr 2022 | % |
---|---|---|
23 Days | 18 Days | -18.3% |
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days