In April 2019, there were 27 homes sold, with a median sale price of $235,500 - a 1.9% decrease over the $240,000 median sale price for the same period of the previous year. There were 40 homes sold in Banning in April 2018.
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 April 2019.
The following table compares Banning to other Riverside County cities with similar median sales prices in April 2019:
| City | Apr. 2019 Home Sales | Apr. 2018 Home Sales | % change (Total Home Sales) | Apr. 2019 Median Sales Price | Apr. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Indio | 122 | 139 | -12.2% | $305,000 | $325,500 | -6.3% |
| Lakeland Village | 9 | 6 | 50% | $299,000 | $332,500 | -10.1% |
| San Jacinto | 79 | 68 | 16.2% | $290,000 | $280,000 | 3.6% |
| Idyllwild-Pine Cove | 10 | 19 | -47.4% | $283,500 | $305,000 | -7% |
| Hemet | 172 | 150 | 14.7% | $260,000 | $261,500 | -0.6% |
| Banning | 27 | 40 | -32.5% | $235,500 | $240,000 | -1.9% |
| Thousand Palms | 4 | 6 | -33.3% | $230,500 | $235,750 | -2.2% |
| Desert Hot Springs | 64 | 88 | -27.3% | $211,000 | $208,500 | 1.2% |
| Coachella | 19 | 25 | -24% | $200,000 | $240,000 | -16.7% |
| Mecca | 2 | 1 | 100% | $181,500 | $90,000 | 101.7% |
| Cabazon | 2 | 3 | -33.3% | $143,000 | $95,000 | 50.5% |
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