$189,000
- 1 Bed
- 1 Bath
- 659 Sq Ft
986 Coriander Dr Unit 304, Hemet, CA 92545
986 Coriander Dr Unit 304, Hemet, CA 92545Explore Similar Townhomes Within 10 Miles of Banning, CA
Why Live in Banning
On the eastern edge of Beaumont, in the San Gorgonio Pass, Banning retains its small-town character amid the rapid growth of the Inland Empire. “It’s somehow up-and-coming and a town centered around relaxation,” says Robert Perez, a Realtor with Evernest Realty Advisors, who manages properties in the city. “Beaumont is like Banning’s sister city, and they’ve grown faster than anyone could've imagined over there. But Banning has more slowly drawn an older crowd with its retirement communities.”
Once a major stop for stagecoaches and railroads in the Old West, Banning continues to celebrate its history with rodeos and festivals. The city also remains a center for transportation, sitting less than a mile away from the warehouse and freight facilities along Interstate 10 in Beaumont. As of late 2024, Banning’s median home price is roughly $400,000, compared to Beaumont's median of $540,000 and the national median of $410,000. "That's really one of my biggest selling points for Banning," says Perez, "because why not retire now when the most expensive home there is $500,000?" Following the COVID pandemic, prices in Banning rose dramatically but have since stabilized, growing only 2%
Home Trends in Banning, CA
On average, homes in Banning, CA sell after 52 days on the market compared to the national average of 50 days. The median sale price for homes in Banning, CA over the last 12 months is $425,000, up 11% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$425,000
Median Single Family Sale Price
$435,000
Median 2 Bedroom Sale Price
$325,000
Median 1 Bedroom Sale Price
$115,000
Average Price Per Sq Ft
$283
Number of Homes for Sale
110
Last 12 months Home Sales
421
Months of Supply
3.10
Median List Price
$439,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
11%
Banning Types of Homes for Sale
Banning Real Estate Listings
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