February 2024 Real Estate Report

Homes For Sale
87 Total
Homes For Sale
Homes added
44 Homes
Added to the Market
Homes For Sale
27 Homes
Sold
Compared to Previous Month
16%
More Homes For Sale
home chart
26%
More Homes Sold
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Last month in February, housing in Banning, CA ended with 44 homes being added to the market for sale, for a cumulative monthly total of 87 homes for sale - up 16% compared to January. Banning, CA had a total of 27 homes sold for the month - up 26% from the month prior.

Detached led the way in homes sold with a total of 24 - up 21%, while attached totaled 3 in closed sales - up 67% from the month of January. The number of detached properties sold under 1500 square feet totaled 14 for the month of February, while homes from 1500 to 2000 square feet recorded 5 sales and homes sized from 2000 to 2500 square feet had 5 sales. The following ranges for detached homes all had no sales: 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.

The number of attached homes sold under 1500 square feet numbered 3. The following ranges for attached homes all had no sales: 1500 to 2000, 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Banning, CA?
May:
54 Homes Sold
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The last 12 month period for the city of Banning, CA shows that the greatest number of homes were sold during the months of May 2023, June 2023 and July 2023. The months of May 2023, June 2023 and July 2023 had 54 - 43 and 46 homes sold, respectively, as compared to an average of 34 for the other months of the year.

Sold Comparison Image
When do homes sell the fastest in Banning, CA?
January:
11 Days On Market
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The last 12 month period for the city of Banning, CA shows that homes sold the fastest during the months of September 2023, October 2023 and January 2024. The months of September 2023, October 2023 and January 2024 had 23 - 19 and 11 days on market, respectively, as compared to an average of 39 for the other months of the year.


Average Price Of Homes Sold In Banning, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Banning, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Banning, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
20242027 - - - - - - - - - - 47
2023272738395443464039323539459
2022385153476649414341383533535
2021393859394341574947645259587
2020343735293139534154504450497
2019282447423549655845583440525
2018372340535342374336433432473
2017283541484942395045483935499
Average Days On Market (DOM) In Banning, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20241128 - - - - - - - - - - 20
202339455552413528452319293737
202218211311211620263431374224
2021181516209911111012201414
202064505327153437283132151734
201939565451455357484545703250
201833662536333035393230304936
201734423340292617422842346136
Average Days From List To Close Of Escrow In Banning, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20247178 - - - - - - - - - - 74
2023949810810610179801098988939395
202275786463686459748278919774
202171696972605965675663866667
2020127981117793103969294105737495
20191091051059698103107114106102122101106
2018831217691839080788777839187
2017891071069585847210582979210593
Number of homes added to the market in Banning, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
20244544 - - - - - - - - - - 89
2023504349386147445326373731516
2022605560595756394651513325592
2021443749384354717647465132588
2020347441343846354249494728517
2019443551615246445333373523514
2018524448433750365243433321502
2017424741444150424048343025484