From July to September, 255 homes sold in Buffalo Grove for a median price of $300,000. That's 8.1 percent lower than median home sale prices for the third quarter of 2017.
In the third quarter, 5 homes in Buffalo Grove were in foreclosure.
Median property tax for homeowners in Buffalo Grove was $8,716.23 in 2017 according to tax data from that year. That means homeowners pay 2.7 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Buffalo Grove real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
140
$294,839
-
2010
130
$295,260
0.1%
2011
133
$265,550
-10.1%
2012
201
$237,075
-10.7%
2013
243
$288,079
21.5%
2014
218
$283,285
-1.7%
2015
278
$304,220
7.4%
2016
291
$303,450
-0.3%
2017
256
$326,400
7.6%
2018
255
$300,000
-8.1%
Median property tax
Median sale price
Effective property tax rate
2009
$7,561.42
$294,839
2.6%
2010
$7,250.08
$295,260
2.5%
2011
$7,859.04
$265,550
3%
2012
$7,658.61
$237,075
3.2%
2013
$7,748.91
$288,079
2.7%
2014
$7,810.68
$283,285
2.8%
2015
$7,847.66
$304,220
2.6%
2016
$8,489
$303,450
2.8%
2017
$8,716.23
$326,400
2.7%
Alerts Sign-up