From April to June, 268 homes sold in Buffalo Grove for a median price of $297,000. That's 4 percent higher than median home sale prices for the second quarter of 2017.
In the second quarter, 2 homes in Buffalo Grove were in foreclosure.
Median property tax for homeowners in Buffalo Grove was $7,673.26 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: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
88
$279,338
-
2010
159
$261,060
-6.5%
2011
137
$215,830
-17.3%
2012
143
$213,640
-1%
2013
211
$230,040
7.7%
2014
181
$263,940
14.7%
2015
204
$283,550
7.4%
2016
258
$311,588
9.9%
2017
253
$285,600
-8.3%
2018
268
$297,000
4%
Median property tax
Median sale price
Effective property tax rate
2009
$7,690.50
$279,338
2.8%
2010
$7,349.58
$261,060
2.8%
2011
$6,717.36
$215,830
3.1%
2012
$7,443.52
$213,640
3.5%
2013
$6,775.19
$230,040
2.9%
2014
$7,341.35
$263,940
2.8%
2015
$7,463.06
$283,550
2.6%
2016
$8,182.28
$311,588
2.6%
2017
$7,673.25
$285,600
2.7%
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