From July through December of 2017, there were 267 homes sold, with a median sale price of $350,000. There were 285 homes sold in Buffalo Grove in the second half of 2016, and the median sales price for the period was also $350,000.
The median sales tax in Buffalo Grove for 2017 was $10,114. In 2016, the median sales tax was $9,812. 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 2.9%.
The following table compares Buffalo Grove to other Lake County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Libertyville | 220 | 235 | -6.4% | $415,000 | $376,000 | 10.4% |
| Tower Lakes | 14 | 11 | 27.3% | $405,000 | $426,000 | -4.9% |
| Deerfield | 177 | 199 | -11.1% | $397,000 | $420,000 | -5.5% |
| Klondike | 3 | 1 | 200% | $375,000 | $172,000 | 118% |
| Indian Creek | 11 | 4 | 175% | $372,500 | $387,500 | -3.9% |
| Buffalo Grove | 267 | 285 | -6.3% | $350,000 | $350,000 | 0% |
| Horatio Gardens | 13 | 3 | 333.3% | $330,000 | $590,000 | -44.1% |
| Vernon Hills | 256 | 278 | -7.9% | $320,000 | $294,000 | 8.8% |
| Highwood | 17 | 22 | -22.7% | $318,000 | $299,500 | 6.2% |
| Lake Zurich | 152 | 167 | -9% | $316,450 | $310,000 | 2.1% |
| Wadsworth | 33 | 36 | -8.3% | $300,000 | $310,000 | -3.2% |
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