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BANNING, CA 92220

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

Market Overview

Active Listings
180
⇧ 5.9% vs 170 last year
Pending
48
27% pending ratio
Median Price
$402,250
⇩ 4.7% vs $422,250 last year
Average Price
$459,815
⇩ 7.4% vs $496,574 last year
Days on Market
76
⇧ 49% vs 51 days last year

Market Context

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

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

Market Analysis

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

The BANNING, CA real estate market (92220) currently shows 180 active listings, with 48 pending sales. Homes are averaging 76 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 76 days on market compared to 51 days last year.

The median listing price has fallen 4.7% year-over-year, from $422,250 to $402,250.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 180 this year vs 170 last year
  • Days on market: 76 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $402,250 (-4.7% YoY)
  • Average: $459,815 (-7.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.5 miles — 1,138 listings ($640,128,050 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
92220Banning, CA 922200.0 mi180$82,766,700$402,250$459,815
92223Beaumont, CA 922238.1 mi206$120,363,328$529,900$584,288
92282Whitewater, CA 9228210.5 mi10$5,099,750$534,950$509,975
92549Idyllwild, CA 9254911.6 mi98$55,844,810$531,500$569,845
92320Calimesa, CA 9232012.5 mi22$12,863,664$557,900$584,712
92555Moreno Valley, CA 9255515.6 mi71$46,170,874$629,000$650,294
92305Angelus Oaks, CA 9230515.9 mi14$7,213,444$374,900$515,246
92359Mentone, CA 9235916.5 mi16$13,356,912$690,000$834,807
92567Nuevo, CA 9256717.1 mi16$10,388,208$599,000$649,263
92240Desert Hot Springs, CA 9224018.4 mi222$95,139,432$419,000$428,556
92373Redlands, CA 9237318.6 mi81$79,204,878$799,000$977,838
92544Hemet, CA 9254420.4 mi128$82,524,160$479,500$644,720
92386Sugarloaf, CA 9238620.5 mi74$29,191,890$375,000$394,485

Frequently Asked Questions

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

As of January 2026, there are 180 active listings in BANNING, CA (zip code 92220), compared to 170 the prior year.

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

The median listing price in BANNING, CA 92220 is $402,250 as of January 2026, a 4.7% decrease from $422,250 the prior year.

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

Homes in BANNING, CA 92220 spend an average of 76 days on the market before going under contract, compared to 51 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 January 2026, BANNING, CA 92220 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 76 days on market compared to 51 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 $8,045 compared to a typical 5% commission on the median listing price of $402,250. 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.