From October to December, 134 homes sold in Buffalo Grove for a median price of $290,250. That's 1.6 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 7 homes in Buffalo Grove were in foreclosure.
Median property tax for homeowners in Buffalo Grove was $7,536.56 in 2017 according to tax data from that year. That means homeowners pay 2.6 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
135
$274,950
-
2010
93
$221,023
-19.6%
2011
96
$214,700
-2.9%
2012
170
$203,013
-5.4%
2013
180
$227,340
12%
2014
190
$251,220
10.5%
2015
179
$276,660
10.1%
2016
172
$301,875
9.1%
2017
171
$285,600
-5.4%
2018
134
$290,250
1.6%
Median property tax
Median sale price
Effective property tax rate
2009
$7,295.03
$274,950
2.7%
2010
$6,323.99
$221,023
2.9%
2011
$6,752.19
$214,700
3.1%
2012
$6,759.13
$203,013
3.3%
2013
$6,401.19
$227,340
2.8%
2014
$7,176.05
$251,220
2.9%
2015
$6,657.78
$276,660
2.4%
2016
$8,201.56
$301,875
2.7%
2017
$7,536.55
$285,600
2.6%
Alerts Sign-up