In October 2018, there were 33 homes sold, with a median sale price of $234,000 - a 5.1% increase over the $222,750 median sale price for the same period of the previous year. There were 34 homes sold in Banning in October 2017.
The median sales tax in Banning for the most recent year with available data, 2016, was $2,210, approximately 0.9% of the median home sale price for October 2018.
The following table compares Banning to other Riverside County cities with similar median sales prices in October 2018:
| City | Oct. 2018 Home Sales | Oct. 2017 Home Sales | % change (Total Home Sales) | Oct. 2018 Median Sales Price | Oct. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| San Jacinto | 64 | 68 | -5.9% | $300,000 | $269,500 | 11.3% |
| Idyllwild-Pine Cove | 18 | 27 | -33.3% | $287,500 | $295,000 | -2.5% |
| Hemet | 153 | 170 | -10% | $269,000 | $254,500 | 5.7% |
| Aguanga | 4 | 4 | 0% | $265,500 | $352,500 | -24.7% |
| Thousand Palms | 5 | 3 | 66.7% | $255,000 | $225,000 | 13.3% |
| Coachella | 14 | 17 | -17.6% | $247,000 | $257,000 | -3.9% |
| Banning | 33 | 34 | -2.9% | $234,000 | $222,750 | 5.1% |
| Mecca | 2 | 2 | 0% | $219,000 | $90,000 | 143.3% |
| Desert Hot Springs | 59 | 62 | -4.8% | $215,000 | $210,500 | 2.1% |
| Blythe | 15 | 21 | -28.6% | $174,500 | $140,000 | 24.6% |
| Cabazon | 2 | 4 | -50% | $129,750 | $131,000 | -1% |
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