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BANNING, CA 92220

Real Estate Market Report  ·  Riverside County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BANNING, CA real estate market (92220) currently shows 229 active listings, with 82 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 57 days on market compared to 49 days last year.

The median listing price has fallen 3.5% year-over-year, from $435,000 to $419,700.

Whether you are buying or selling in BANNING, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 32,797  ·  Density: 89.6/mi²  ·  Median household income: $55,538

Typical home value: $298,248  ·  Homeownership: 72.0%

Market Overview

Active Listings
229
⇧ 16.2% vs 197 last year
Pending
82
36% pending ratio
Median Price
$419,700
⇩ 3.5% vs $435,000 last year
Average Price
$465,965
⇩ 4.3% vs $487,137 last year
Days on Market
57
⇧ 16.3% vs 49 days last year

Price Per Square Foot

Median $/sqft
$262
⇩ 3.3% vs $271/sqft last year
Median Home Size
1,635 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 229 this year vs 197 last year
  • Days on market: 57 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $419,700 (-3.5% YoY)
  • Average: $465,965 (-4.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.5 miles — 1,307 listings ($738,281,184 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
92220Banning, CA 922200.0 mi221$101,185,513$414,875$457,853
92223Beaumont, CA 922238.1 mi238$139,652,926$533,325$586,777
92282Whitewater, CA 9228210.5 mi13$6,359,262$491,725$489,174
92549Idyllwild, CA 9254911.6 mi95$53,282,935$488,250$560,873
92320Calimesa, CA 9232012.5 mi24$14,549,928$566,250$606,247
92555Moreno Valley, CA 9255515.6 mi91$58,231,446$614,250$639,906
92305Angelus Oaks, CA 9230515.9 mi17$8,600,725$378,725$505,925
92359Mentone, CA 9235916.5 mi21$15,398,313$565,975$733,253
92567Nuevo, CA 9256717.1 mi20$12,918,620$644,675$645,931
92240Desert Hot Springs, CA 9224018.4 mi250$106,978,750$419,500$427,915
92373Redlands, CA 9237318.6 mi89$94,349,078$870,500$1,060,102
92544Hemet, CA 9254420.4 mi142$93,605,122$489,950$659,191
92386Sugarloaf, CA 9238620.5 mi86$33,168,566$361,000$385,681

Frequently Asked Questions

How many homes are for sale in BANNING, CA 92220?

As of March 2026, there are 229 active listings in BANNING, CA (zip code 92220), compared to 197 the prior year.

What is the median home price in BANNING, CA 92220?

The median listing price in BANNING, CA 92220 is $419,700 as of March 2026, a 3.5% decrease from $435,000 the prior year.

How long do homes stay on the market in BANNING, CA?

Homes in BANNING, CA 92220 spend an average of 57 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in BANNING, CA 92220?

Based on current inventory and days-on-market data as of March 2026, BANNING, CA 92220 is currently a Buyer's Market. Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 57 days on market compared to 49 days last year.

How much can I save on real estate commission in BANNING, CA?

With SELL123.com's maximum 3% commission, sellers in BANNING, CA 92220 save an estimated $8,394 compared to a typical 5% commission on the median listing price of $419,700. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.