In July 2019, there were 36 homes sold, with a median sale price of $285,000 - a 12.9% increase over the $252,500 median sale price for the same period of the previous year. There were 34 homes sold in Banning in July 2018.
The median sales tax in Banning for the most recent year with available data, 2016, was $2,210, approximately 0.8% of the median home sale price for July 2019.
The following table compares Banning to other Riverside County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Moreno Valley | 208 | 204 | 2% | $335,000 | $325,000 | 3.1% |
| Cathedral City | 72 | 64 | 12.5% | $326,000 | $302,500 | 7.8% |
| Indio | 117 | 100 | 17% | $318,500 | $331,500 | -3.9% |
| San Jacinto | 81 | 60 | 35% | $298,000 | $259,000 | 15.1% |
| Hemet | 177 | 152 | 16.4% | $285,000 | $271,000 | 5.2% |
| Banning | 36 | 34 | 5.9% | $285,000 | $252,500 | 12.9% |
| Lakeland Village | 8 | 5 | 60% | $283,500 | $255,000 | 11.2% |
| Thousand Palms | 6 | 6 | 0% | $275,500 | $215,000 | 28.1% |
| Idyllwild-Pine Cove | 9 | 10 | -10% | $275,000 | $271,250 | 1.4% |
| Cherry Valley | 6 | 3 | 100% | $272,500 | $372,500 | -26.8% |
| Mountain Center | 7 | 5 | 40% | $265,000 | $600,000 | -55.8% |
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