From January through December of 2017, there were nine homes sold, with a median sale price of $620,000 - a 21.5% decrease over the $790,000 median sale price for the previous year. There were 10 homes sold in Bannockburn in 2016.
The median sales tax in Bannockburn for 2017 was $23,217. In 2016, the median sales tax was $24,441. This marks an decrease of 5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.7%.
The following table compares Bannockburn to other Lake County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Forest | 304 | 283 | 7.4% | $815,000 | $745,000 | 9.4% |
| Riverwoods | 63 | 66 | -4.5% | $645,000 | $620,000 | 4% |
| Bannockburn | 9 | 10 | -10% | $620,000 | $790,000 | -21.5% |
| Long Grove | 133 | 106 | 25.5% | $605,000 | $592,500 | 2.1% |
| Kildeer | 73 | 72 | 1.4% | $600,000 | $606,500 | -1.1% |
| Lake Bluff | 141 | 123 | 14.6% | $565,000 | $537,500 | 5.1% |
| Barrington Hills | 11 | 6 | 83.3% | $550,000 | $607,500 | -9.5% |
| North Barrington | 68 | 61 | 11.5% | $549,500 | $567,500 | -3.2% |
| Green Oaks | 51 | 49 | 4.1% | $542,000 | $545,000 | -0.6% |
| Fox River Grove | 6 | 12 | -50% | $520,000 | $456,250 | 14% |
| Mettawa | 13 | 7 | 85.7% | $500,000 | $580,000 | -13.8% |
Alerts Sign-up