Housing Prices in Bannockburn, IL

How much do homes in Bannockburn, IL cost?

Median List Price

$1,499,000

$347/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$254,000(+20.4%)

Key Takeaway

The list price of homes in Bannockburn has increased by 20.4% since last year.

Summary: The median home list price in Bannockburn was $1,499,000 in October 2024, up 20.4% from the previous year, and the median price per square foot was $347.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.6M$1.4M
-12.2%
4 $1.6M$1.0M
-38.7%
5+ $1.1M$2.9M
+142.7%

Summary: Bannockburn housing prices by bedroom type for October 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 12.2%, 4 bedroom homes decreased by 38.7%, and 5+ bedroom homes increased by 142.7%.

Median List Price Compared To Nearby Cities

Bannockburn
+20.4%
Lake Forest
+17.0%
Deerfield
+10.1%
West Deerfield Township
+7.9%
Highland Park
+7.5%

Housing Supply in Bannockburn, IL

How many homes are available in Bannockburn, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
69+50.0%

Summary: The Bannockburn real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 12
+100.0%
5+ 45
+25.0%

Summary: The Bannockburn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.

Days on Market for Bannockburn, IL

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

Average Listing Age

Oct 2023Oct 2024CHANGE
509 Days155 Days-69.5%

Summary: Homes in Bannockburn had an average listing age of 155 days in Oct 2024, down by 69.5% compared to the previous year.

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

Report Updated 16 Days Ago

Newest Listings in Bannockburn, IL

Nearby Markets to Bannockburn, IL

What housing markets are near Bannockburn, IL?