What are current home values in Bannockburn, IL?

The median home value in Bannockburn, IL is $1,298,109 as of July 2026. This represents a 1.0% increase compared to last month and a 11.4% increase year-over-year.

How have home values changed in Bannockburn, IL?

Home values in Bannockburn, IL have increased by 1.0% month-over-month and 11.4% year-over-year.

How do home values in Bannockburn, IL compare to Lake County, Illinois, and the national average?

The median home value in Bannockburn, IL ($1,298,109) compares to: Lake County ($401,229), Illinois ($299,900), and the U.S. national median ($371,774).

Bannockburn, IL Housing Market

$1,298,109

11.4% 1-yr

The average Bannockburn, IL home value is $1,298,109, up 11.4% over the past year. (Updated on 7/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Bannockburn Key Takeaways

Typical Home Values: $1,298,109

1-Year Value Change: +11.4%

(Data through July 31, 2026)

Bannockburn Housing Market Overview

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New Listings: --

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(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Bannockburn

NameMedian ZHVI
Knollwood$472,459
Green Oaks$794,442
University Village--
Westown$149,957
Sheridan Crossing--
Argonne Heights$232,206
Argonne Park$227,803
Trail Meadows$290,211
East Side--

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Bannockburn Rental Market Trends

Average Rent: --

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.