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%
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