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Foreclosure Homes in Bannockburn, IL

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Bannockburn, IL Foreclosures

How much do homes sell for in Bannockburn, IL?
The average home price is currently $1,737,016.
In Bannockburn, IL, how many homes are available?
There are currently 10 active home listings available in Bannockburn.
What’s the average rental cost in Bannockburn, IL?
The average rental price in Bannockburn is $4,651.
What is the most expensive home in Bannockburn?
The most expensive home sold in Bannockburn had a price of $15,075,553.
What is currently the cheapest priced home in Bannockburn, IL?
The cheapest home for sale in Bannockburn is priced at $111,700.

Living in Bannockburn, IL

Bannockburn, IL, is an affluent suburb characterized by its spacious homes, beautiful parks, and strong community spirit. Residents enjoy a quiet, family-friendly atmosphere with access to top-rated schools and local amenities. With delightful residential areas and rich natural beauty, Bannockburn is perfect for anyone seeking suburban life close to the city.

Current Market Conditions in Bannockburn, IL

Bannockburn's real estate market remains strong, with demand consistently outpacing supply. Homes in this area are highly sought after due to their large lots and high-quality construction. As of late, the market has seen a slight increase in prices, reflecting the area's desirability and low inventory of available properties.

Home Value Estimator For Bannockburn, IL

There are currently 314 real estate properties in Bannockburn, IL, with a median automated valuation model (AVM) price of $1,359,687.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bannockburn, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bannockburn, IL, is $1,737,016.00, with the most expensive house in Bannockburn, IL, topping out at $15,075,553.00 and the cheapest home in Bannockburn, IL, clocking in at $111,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Bannockburn, IL!

Rent Prices In Bannockburn, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bannockburn, IL, is on a rollercoaster ride. The average rent price in Bannockburn, IL, is $4,651.00. Indeed, when looking to rent in Bannockburn, IL, you can expect to pay as little as $2,330.00 or as much as $5,500.00, with the average rent median estimated to be $4,720.00. The good news is that finding an affordable and desirable property to rent in Bannockburn, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Bannockburn, IL Foreclosures

Market Trend for Bannockburn, IL

Total Listings Available: 10

Market Values:

Home Prices from $111,700 to $15,075,553

Average Sales Price: $1,737,016

Rental Values:

Rental from $2,330 to $5,500

Average Rent Value: $4,651 / month

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