Why Live in Bannockburn
Bannockburn is a neighborhood with a small-town feel, characterized by its laid-back residents and country setting. The community is close-knit, with initiatives like a bike path connecting Bannockburn to Riverwoods to foster relationships among residents. Annual events, such as horse-drawn wagon rides, further enhance the sense of community. Homes in Bannockburn range from modern designs with timeless stylings to classic center hall Colonials and brick Georgian homes, with prices varying based on location and lot size. The Bannockburn School serves local students from kindergarten through eighth grade, promoting a sense of togetherness by allowing siblings to attend the same school. After eighth grade, students can attend the highly rated Deerfield High School. Dining options in Bannockburn include Yianni’s Opa!, a gourmet Greek restaurant, and Newport Coffee House, known for its artisanal small-batch coffees. Essentials are easily accessible at the Bannockburn Green Shopping Center, which offers a variety of services and shops. The neighborhood features ample green spaces, including the Prairie Wolf Forest Preserve with its wetlands, oak woodlands, and trails for various outdoor activities, and Woodland Park, which offers athletic fields, a playground, and a rentable pavilion. Bannockburn is safer than the national average, providing a low crime risk environment for its residents.
Frequently Asked Questions
What is the average home price in Bannockburn, IL?
Homes for sale in Bannockburn, IL have an average home price of $1,601,322.
How many homes have sold over the last 12 months in Bannockburn, IL?
16 homes have sold in Bannockburn, IL over the last 12 months.
What are the most popular zip codes in Bannockburn, IL?
How much do you need to make to afford a house in Bannockburn?
The median home price in Bannockburn is $1,194,500. If you put a 20% down payment of $238,900 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $5,920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $254K a year to afford the median home price in Bannockburn.
How are the schools in Bannockburn, IL?
Home Trends in Bannockburn, IL
On average, homes in Bannockburn, IL sell after 38 days on the market compared to the national average of 50 days. The median sale price for homes in Bannockburn, IL over the last 12 months is $1,187,500, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$1,187,500
Median Single Family Sale Price
$1,195,000
Average Price Per Sq Ft
$330
Number of Homes for Sale
3
Last 12 months Home Sales
16
Median List Price
$1,194,500
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%