Adobe Stock
Adobe Stock
In June 2021, there were 18 homes sold, with a median sale price of $285,000 - a 10.9% decrease over the $320,000 median sale price for the same period of the previous year. There were seven homes sold in Banning in June 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 June 2021.
The following table compares Banning to other Riverside County cities with similar median sale prices in June 2021:
| City | June 2021 Home Sales | June 2020 Home Sales | % change (Total Home Sales) | June 2021 Median Sales Price | June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hemet | 90 | 66 | 36.4% | $347,500 | $277,250 | 25.3% |
| Coachella | 10 | 8 | 25% | $342,500 | $287,500 | 19.1% |
| Sun City | 1 | 1 | 0% | $340,000 | $575,000 | -40.9% |
| Thousand Palms | 3 | 5 | -40% | $335,000 | $281,500 | 19% |
| Desert Hot Springs | 41 | 31 | 32.3% | $310,000 | $230,000 | 34.8% |
| Cherry Valley | 3 | 0 | - | $304,000 | $0 | - |
| Banning | 18 | 7 | 157.1% | $285,000 | $320,000 | -10.9% |
| Mecca | 1 | 1 | 0% | $250,000 | $95,000 | 163.2% |
| Blythe | 4 | 7 | -42.9% | $206,500 | $126,000 | 63.9% |
| Anza | 1 | 0 | - | $160,000 | $0 | - |
| Cabazon | 3 | 0 | - | $155,000 | $0 | - |
Alerts Sign-up