Cheap Homes for Sale in Banning, CA

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Photo 1 of Single family home for sale at 481 Martin, Banning, CA 92220 | MLS# IV26155856 | Listing updated on 2026-09-29

$309,900

count-img 20

2Bds

2Ba

932sqft

Single family home for sale

481 Martin, Banning, CA 92220

Berkshire Hathaway Homeservices California Realty

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Banning, CA Housing Market Overview

Banning is a balanced market, giving buyers and sellers room to negotiate. With 3.6 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

58

Inventory

166

Sep 2021Mar 2024Mar 2026

Median Home Price

$396,500Down 0.11%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
166 Down 0.03%
Newly Listed Homes
61 Down 0.21%
Months of Supply
3.6 Down 0.90%

Housing Demand

Homes Sold
46 Down 0.00%
Sale-to-List Ratio
99.8% Up 0.79%
Homes Sold Above List
43.5% Up 14.53%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

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  • mls-imgIDX Logo

    Based on information from California Regional Multiple Listing Service, Inc. as of Oct 9, 2026, 2:30 PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.

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Banning, CA Housing Marketlink qauare
Homes Available icon

280

Homes Available

Median List Price icon

$ 396,500

Median List Price

Avg on Market icon

58 Days

Avg on Market

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