In January 2019, there were 27 homes sold, with a median sale price of $235,000 - a 10.6% increase over the $212,500 median sale price for the same period of the previous year. There were 28 homes sold in Banning in January 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 January 2019.
The following table compares Banning to other Riverside County cities with similar median sales prices in January 2019:
| City | Jan. 2019 Home Sales | Jan. 2018 Home Sales | % change (Total Home Sales) | Jan. 2019 Median Sales Price | Jan. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| White Water | 2 | 1 | 100% | $273,750 | $41,000 | 567.7% |
| Lakeland Village | 6 | 8 | -25% | $264,500 | $250,000 | 5.8% |
| Coachella | 20 | 21 | -4.8% | $260,000 | $234,000 | 11.1% |
| Cherry Valley | 4 | 4 | 0% | $253,500 | $326,000 | -22.2% |
| Hemet | 108 | 126 | -14.3% | $250,000 | $239,500 | 4.4% |
| Banning | 27 | 28 | -3.6% | $235,000 | $212,500 | 10.6% |
| Desert Hot Springs | 50 | 55 | -9.1% | $221,250 | $200,000 | 10.6% |
| Thousand Palms | 5 | 3 | 66.7% | $201,000 | $275,000 | -26.9% |
| Cabazon | 1 | 1 | 0% | $165,000 | $135,000 | 22.2% |
| Mecca | 1 | 2 | -50% | $163,000 | $71,000 | 129.6% |
| Blythe | 4 | 12 | -66.7% | $146,250 | $134,250 | 8.9% |
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