From January through March of 2017, there were 83 homes sold, with a median sale price of $307,000. There were 88 homes sold in Buffalo Grove in the first quarter of 2016, and the median sales price for the period was also $307,000.
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 3.3%.
The following table compares Buffalo Grove to other Lake County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Barrington | 24 | 22 | 9.1% | $345,000 | $324,500 | 6.3% |
| Libertyville | 73 | 84 | -13.1% | $335,000 | $329,250 | 1.7% |
| Forest Lake | 9 | 5 | 80% | $330,000 | $185,000 | 78.4% |
| Knollwood | 3 | 5 | -40% | $325,000 | $245,000 | 32.7% |
| Green Oaks | 9 | 11 | -18.2% | $320,000 | $381,000 | -16% |
| Buffalo Grove | 83 | 88 | -5.7% | $307,000 | $307,000 | 0% |
| Lake Zurich | 48 | 59 | -18.6% | $297,500 | $322,000 | -7.6% |
| Vernon Hills | 97 | 74 | 31.1% | $277,500 | $317,250 | -12.5% |
| Wadsworth | 10 | 12 | -16.7% | $253,500 | $297,500 | -14.8% |
| Echo Lake | 3 | 0 | - | $225,000 | $0 | - |
| Lake Villa | 36 | 35 | 2.9% | $222,450 | $200,000 | 11.2% |
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