Quantcast

North Cook News

Monday, November 4, 2024

Q1 real estate sales report: Buffalo Grove

Re 9

Median prices rose in Buffalo Grove over last year, and are down 9.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 130 homes sold in Buffalo Grove for a median price of $265,250. That's 6.6 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 11 homes in Buffalo Grove were in foreclosure.

Median property tax for homeowners in Buffalo Grove was $9,264.63 in 2017 according to tax data from that year. That means homeowners pay 3.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Buffalo Grove real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
45
$292,500
-
2010
79
$250,800
-14.3%
2011
77
$226,000
-9.9%
2012
101
$190,205
-15.8%
2013
133
$174,960
-8%
2014
119
$219,420
25.4%
2015
132
$255,725
16.5%
2016
143
$274,051
7.2%
2017
162
$248,880
-9.2%
2018
130
$265,250
6.6%

Median property tax
Median sale price
Effective property tax rate
2009
$7,766.06
$292,500
2.7%
2010
$6,575.38
$250,800
2.6%
2011
$7,372.49
$226,000
3.3%
2012
$6,539.86
$190,205
3.4%
2013
$5,999.69
$174,960
3.4%
2014
$6,619.28
$219,420
3%
2015
$7,457.72
$255,725
2.9%
2016
$8,444.84
$274,051
3.1%
2017
$9,264.62
$248,880
3.7%

Editor's note: This story has been updated to include real estate data for Buffalo Grove spanning multiple counties.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS