Is Bannockburn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bannockburn was a Neutral Market.
Housing Prices in Bannockburn, IL
How much do homes in Bannockburn, IL cost?
Median Sold Price
$1,065,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bannockburn was $1,065,000 in May 2024, up 1.4% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $1.2M | N/A |
4 Bedrooms | $1.2M | $1.0M | -14.8% |
5+ Bedrooms | $995K | $816K | -18.0% |
Summary: Bannockburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 18%.
Median Sold Price Compared To Nearby Cities
West Deerfield Township | $670.1K | $737K | +10.0% |
Deerfield | $525K | $548K | +4.4% |
Highland Park | $639.8K | $667K | +4.2% |
Bannockburn | $1.0M | $1.0M | +1.4% |
Lake Forest | $1.0M | $981K | -7.1% |
Housing Supply in Bannockburn, IL
How many homes are available in Bannockburn, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Summary: The Bannockburn real estate market had 5 homes for sale in May 2024, a 66.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bannockburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Bannockburn in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Bannockburn, IL
How long does it take to sell a home in Bannockburn, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
135 Days | 4 Days | -96.7% |
Summary: Homes in Bannockburn had an average of 4 days on market in May 2024, down by 96.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Bannockburn; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.