Housing Prices in Bannockburn, IL

How much do homes in Bannockburn, IL cost?

Median List Price

$1,147,500

$302/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$52,500(+4.8%)

Key Takeaway

The list price of homes in Bannockburn has increased by 4.8% since last year.

Summary: The median home list price in Bannockburn was $1,147,500 in March 2024, up 4.8% from the previous year, and the median price per square foot was $302.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.9M$1.6M
-18.9%
4 $1.0M$1.0M
-4.5%
5+ $995K$1.1M
+20.1%

Summary: Bannockburn housing prices by bedroom type for March 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 decreased by 18.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 20.1%.

Median List Price Compared To Nearby Cities

West Deerfield Township
+11.5%
Highland Park
+7.7%
Bannockburn
+4.8%
Deerfield
+1.3%
Lake Forest
0.0%

Housing Supply in Bannockburn, IL

How many homes are available in Bannockburn, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
24+100.0%

Summary: The Bannockburn real estate market had 4 homes for sale in March 2024, a 100.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 13
+200.0%
5+ 00
0.0%

Summary: The Bannockburn housing inventory by bedroom type for March 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 200%, and 5+ bedroom homes remained the same.

Days on Market for Bannockburn, IL

How long does it take to sell a home in Bannockburn, IL?

Average Listing Age

Mar 2023Mar 2024CHANGE
195 Days180 Days-7.7%

Summary: Homes in Bannockburn had an average listing age of 180 days in Mar 2024, down by 7.7% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in Bannockburn, IL

Nearby Markets to Bannockburn, IL

What housing markets are near Bannockburn, IL?