In March 2017, there were 42 homes sold, with a median sale price of $326,500 - a 24.4% increase over the $262,500 median sale price for the same period of the previous year. There were 33 homes sold in Buffalo Grove in March 2016.
The median sales tax in Buffalo Grove for 2017 was $10,113.88. In 2016, the median sales tax was $9,812.20. This marks an increase of 3.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.
The following table compares Buffalo Grove to other Lake County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lincolnshire | 15 | 4 | 275% | $380,000 | $391,959.37 | -3.1% |
| Forest Lake | 2 | 3 | -33.3% | $377,250 | $262,000 | 44% |
| Lake Zurich | 21 | 22 | -4.5% | $371,000 | $313,250 | 18.4% |
| Deerfield | 20 | 14 | 42.9% | $364,000 | $390,000 | -6.7% |
| Libertyville | 28 | 32 | -12.5% | $345,000 | $320,250 | 7.7% |
| Buffalo Grove | 42 | 33 | 27.3% | $326,500 | $262,500 | 24.4% |
| Lake Barrington | 8 | 10 | -20% | $321,250 | $330,000 | -2.7% |
| Vernon Hills | 40 | 32 | 25% | $300,000 | $318,500 | -5.8% |
| Highwood | 2 | 2 | 0% | $281,000 | $237,000 | 18.6% |
| Grandwood Park | 6 | 6 | 0% | $277,500 | $233,950 | 18.6% |
| Lake Villa | 17 | 16 | 6.3% | $274,000 | $211,500 | 29.6% |
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