Bannockburn, IL, Real Estate

Bannockburn, Illinois, is a quaint village located in Lake County, approximately 25 miles northwest of Chicago's Loop. Established in 1924 by Scottish real estate developer William Aitken, it was designed as an exclusive community for affluent members of his bridge and country club. Bannockburn's charm lies in its dedication to maintaining a serene, "country estates" atmosphere, with zoning regulations initially mandating one-acre lots, now increased to two-acre lots for new homes. This village is known for its lush landscapes and winding roads, offering a peaceful retreat while still providing convenient access to urban amenities. The Tri-State Tollway borders Bannockburn to the west, contributing to its growth since the 1950s, though traffic noise has been a concern. Bannockburn hosts a small population, with the 2020 census counting 1,013 residents, and features notable landmarks like the Friedman House designed by Frank Lloyd Wright.

Bannockburn currently has 4 single family homes for sale with an average list price of $2,430,999.75 and 3 lots for sale with an average list price of $481,600. The average annual property tax for Bannockburn is $21,812.40.

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Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Bannockburn, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
Bannockburn Brae

Bannockburn Brae

Bannockburn Brae is a single-family home community in Bannockburn, Illinois, built in 1996. It currently has no homes for sale. The homes have an average size of 9,251 ft2. The average annual property tax for Bannockburn Brae is $36,413.18. It is located in Lake County. Bannockburn Brae is a single family neighborhood in Bannockburn, Illinois. Bannockburn Brae is located on Broadley's off of Half Day Raod. ... Read more
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Bannockburn Woods

Bannockburn Woods is a subdivision in Bannockburn, Illinois. It currently has no homes for sale. Bannockburn Woods is a single family home subdivision located in Bannockburn south of Route 22 just east of Telegraph Road. ... Read more
Delmar Woods

Delmar Woods

Delmar Woods is a subdivision in Bannockburn, Illinois. It currently has no homes for sale. Delmar Woods is a single family home neighborhood located in Bannockburn, Illinois north of Half Day Road east of Waukegan Road. ... Read more
Dunsinane Woods

Dunsinane Woods

Dunsinane Woods is a subdivision in Bannockburn, Illinois. It currently has 1 lot for sale with a list price of $399,900. Dunsinane Woods is a single family home neighborhood in Bannockburn, Illinois. Dunsinane Woods is located on Dusinane off Route 22 west of Waukegan. ... Read more
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Tarns of the Moor

Tarns of the Moor is a single-family home community in Bannockburn, Illinois, built in 2016. It currently has no homes for sale. The homes have an average size of 6,798 ft2. The average annual property tax for Tarns of the Moor is $53,112.28. It is located in Lake County. Tarns of the Moor is a community of custom built single family homes built by Icon Building Group starting in 2008. Tarns of the Moor is located in Bannockburn, Illinois south of Half Day Road east of Telegraph Road. ... Read more
Median Price: $2,500,000

Subdivisions

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Market Trends

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Real Estate News

New Homes For Sale This Week in Bannockburn: July 4th to July 10th

New Homes For Sale This Week in Bannockburn: July 4th to July 10th - July 11, 2025

Bannockburn had 2 new homes for sale during the week of Friday, July 4 to Thursday, July 10, including including 2 single family homes for sale with an average list ... continue reading
Homes Just Sold in Bannockburn: July 1st to July 7th

Homes Just Sold in Bannockburn: July 1st to July 7th - July 8, 2025

Bannockburn had only 1 sale during the week of Tuesday, July 1 to Monday, July 7, including and it was a single family home for sale with a list price ... continue reading
Homes Just Sold in Bannockburn: June 17th to June 23rd

Homes Just Sold in Bannockburn: June 17th to June 23rd - June 24, 2025

Bannockburn had only 1 sale during the week of Tuesday, June 17 to Monday, June 23, including and it was a single family home for sale with a list price ... continue reading
New Homes For Sale This Week in Bannockburn: June 13th to June 19th

New Homes For Sale This Week in Bannockburn: June 13th to June 19th - June 20, 2025

Bannockburn had only 1 new home for sale during the week of Friday, June 13 to Thursday, June 19, including and it was a single family home for sale with ... continue reading
New Homes For Sale This Week in Bannockburn: June 6th to June 12th

New Homes For Sale This Week in Bannockburn: June 6th to June 12th - June 13, 2025

Bannockburn had only 1 new home for sale during the week of Friday, June 6 to Thursday, June 12, including and it was a single family home for sale with ... continue reading
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Real Estate News

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