Housing in Banner, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — November 2025

Median Sale Price

$125,000

Median List Price

N/A

Price Per Sq Ft

$112

Days on Market

Active Inventory

N/A

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Off Market in 2 Weeks

0.0%

Sale-to-List Ratio

100.0%

Seller's market

Sold Above Asking

0.0%

Under Contract in 2 Wks

0.0%

Market Activity

Source: Redfin

Homes Sold

Pending Sales

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$112

Banner vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Banner is highlighted.

Median Home Value

16th%ilemost expensive$90,000show rank

Median Rent

17th%ilemost expensive rent$708show rank

Median Price Per Sq Ft

22nd%ilemost expensive $/sqft$112show rank

Rent Burden

78th%ilehighest rent burden23.4%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$90,000

Median Rent

$708

Total Housing Units

Vacancy Rate

14.9%

Owner Occupied

76.2%

Renter Occupied

23.8%

Median Property Tax

$1,192

per year

Monthly Cost (w/ Mortgage)

$760

Housing Types

Single Family

77.0%

Multi-Family

4.0%

Mobile Home

18.9%

The current median sale price in Banner, IL is $125,000 according to Redfin data. Homes spend a median of 13 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $112. The median rent is $708 per month (Census ACS). About 76.2% of housing units are owner-occupied. The median year homes were built is 1961. There are 74 total housing units.