Home Sales Down in Banning Real Estate Market

In this week's report, the number of homes sold in the Banning market slid to 43 over the past 30 days, a decrease of 6.5% from last week's report, but still above the monthly average. On the other hand, close-by Moreno Valley registered 170 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Banning, and for this period the median sales price slid from $209,500 to $203,029. In spite of the decrease in sales, a low two months of inventory signals that Banning is a solid seller's market.

Still haven't found the right home in Banning? One of these new listings could end the search:

$345K   $429K   $289K  

Get started right now by checking out Banning homes for sale or reviewing Banning real estate trends.

Demographic facts for Banning:

  • 61.0% of the people in this area are homeowners.
  • The students per teacher ratio in this area is 21.1:1. (15.3:1 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Ipro Real Estate
Snapped 7 homes in this area
Garrigus Real Estate
Snapped 7 homes in this area
Grand Avenue Realty & Lending
Snapped 2 homes in this area

Agents that specialize in this area
1 snap in this area
4 snaps in this area
6 snaps in this area
1 snap in this area
1 snap in this area
1 snap in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.