Burnham, Illinois, is a small village in Cook County, located just south of Chicago along the shores of Lake Michigan. With a population of around 4,000, it’s a tight-knit community known for its quiet, residential charm and proximity to urban amenities. The village is home to the Burnham Woods Forest Preserve, a popular spot for hiking, birdwatching, and enjoying nature, as well as the adjacent Burnham Park, which offers recreational spaces and lakefront views. Historically, Burnham developed as a suburban enclave with roots tied to Chicago’s industrial growth, and today it maintains a diverse, working-class character. Its location near major highways and public transit makes it a convenient spot for commuters, while its small-town feel provides a peaceful contrast to the bustling city nearby.
Burnham currently has 16 single family homes for sale with an average list price of $198,500, 2 townhouses for sale with an average list price of $154,950, 1 condo for sale with a list price of $69,900, and 3 lots for sale with an average list price of $62,600. The average annual property tax for Burnham is $4,176.63.
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 Burnham, i.e. what's hot and what's not.
See What's Hot & What's Not in BurnhamBurnham home sales for the month of June rose in volume by 50% when compared to last year, while the median sale price decreased by 16.2% from $190,950 to $160,000. House sales stayed the same, while the median sale price rose by 7.4% from $190,950 to $205,000. Condo sales stayed the same, while the median sale price stayed the same.
42
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26
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34
|
29
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$137,000
|
$135,000
|
$137,200
|
$195,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |