In January 2021, there were 15 homes sold, with a median sale price of $280,500 - a 12.2% increase over the $250,000 median sale price for the same period of the previous year. There were 24 homes sold in Banning in January 2020.
The median sales tax in Banning for the most recent year with available data, 2019, was $2,233, approximately 0.8% of the median home sale price for January 2021.
The following table compares Banning to other Riverside County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Nuevo | 2 | 7 | -71.4% | $360,500 | $435,000 | -17.1% |
| San Jacinto | 25 | 48 | -47.9% | $355,000 | $308,000 | 15.3% |
| Hemet | 72 | 113 | -36.3% | $321,000 | $266,000 | 20.7% |
| Idyllwild-Pine Cove | 8 | 21 | -61.9% | $309,000 | $305,000 | 1.3% |
| Coachella | 7 | 18 | -61.1% | $305,000 | $320,000 | -4.7% |
| Cherry Valley | 2 | 2 | 0% | $298,500 | $251,000 | 18.9% |
| Thousand Palms | 4 | 3 | 33.3% | $296,750 | $225,000 | 31.9% |
| Blythe | 4 | 11 | -63.6% | $282,000 | $109,000 | 158.7% |
| Banning | 15 | 24 | -37.5% | $280,500 | $250,000 | 12.2% |
| Aguanga | 2 | 4 | -50% | $265,000 | $370,750 | -28.5% |
| Desert Hot Springs | 29 | 53 | -45.3% | $250,000 | $234,000 | 6.8% |
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