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Lake County Gazette

Wednesday, July 2, 2025

Buffalo Grove (Lake County) home prices fall in May 2017

Realestate077

The median sale price of a home sold in May 2017 in Buffalo Grove in Lake County fell by $24,250 while total sales decreased by 9.6%, according to BlockShopper.com.

In May 2017, there were 47 homes sold, with a median sale price of $327,000 - a 6.9% decrease over the $351,250 median sale price for the same period of the previous year. There were 52 homes sold in Buffalo Grove in May 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 May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Lincolnshire201353.8%$402,500$511,700-21.3%
Indian Creek20-$379,500$0-
Grandwood Park94125%$355,000$152,250133.2%
Cary42100%$354,250$239,25048.1%
Lake Zurich2829-3.4%$334,000$290,00015.2%
Buffalo Grove4752-9.6%$327,000$351,250-6.9%
Wadsworth6520%$317,500$258,00023.1%
Island Lake5425%$305,000$183,50066.2%
Vernon Hills604050%$296,000$327,500-9.6%
Highwood31200%$290,000$245,00018.4%
Harris Corners21100%$270,500$360,000-24.9%
* This story only considers sales data for the part of Buffalo Grove that is in Lake County.

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