Bannockburn
Bannockburn history
Bannockburn is a small Chicago suburb near the northern border of Illinois with a population of about 1,600. It was originally settled in the 1920s by a developer who wanted to use the land as a private residential hamlet for members of his country club and bridge group. The homes were built on minimum one-acre lots (a standard that was later doubled to two acres).
Because of its location near the Tri-State Tollway (I-94), Bannockburn became a convenient home for commuters. Residents did not want commercial business to interrupt their peaceful way of life, but they weren't opposed to another source of income to help offset rising property taxes. A few corporate parks were constructed on the suburb's north side and the area around Route 22 became the village's first commercially zoned district in 1984. A city hall was added in 1992 and there is still only one school in Bannockburn.
For the most part, Bannockburn is crisscrossed by long, winding drives dotted with exclusive estates and sprawling properties. In fact, the area is known for its extremely high real estate values which stretch into the multi-million dollar price bracket. A number of famous sports personalities have owned homes in Bannockburn, including adored Bears coach Mike Ditka.
1230357 average Sale Price
2301 number of Sales
7 one year price change
N/A price change since 94
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Bannockburn Real Estate
The two-square-mile Village of Bannockburn is a relatively new community and the homes reflect its age. Most residential real estate was built since 1990 and provides high-end, luxury options just 25 miles northwest of the Windy City. Bannockburn is an elite Chicago suburb, characterized by gigantic mansions and stately single-family homes. Residential real estate ranges from $600,000 to $5 million, with an average sale price of over a million dollars.
Some sections of Bannockburn are more neighborhoody, with a cluster of residences together on one block. The properties still offer over-sized lots, spacious homes, and maximum luxury living, but instill that sense of community comfort associated with American suburbia.
Bannockburn market trends
Average sales price
The average sale price of a home in Bannockburn is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Bannockburn sign up for the trends report below or contact your Dream Town broker.
Average market time
The average number of days a home in Bannockburn spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Bannockburn sign up for the trends report below or contact your Dream Town broker.
Sales price vs. list price
The average sale price of a home compared to its listing price in Bannockburn is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Bannockburn sign up for the trends report below or contact your Dream Town broker.
Number of listings
The total number of listings in Bannockburn is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Bannockburn sign up for the trends report below or contact your Dream Town broker.
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