In July 2017, there were 21 homes sold, with a median sale price of $270,000 - a 1.9% increase over the $265,000 median sale price for the same period of the previous year. There were 31 homes sold in Buffalo Grove in July 2016.
The median sales tax in Buffalo Grove for 2017 was $5,431. In 2016, the median sales tax was $5,499. This marks an decrease of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.
The following table compares Buffalo Grove to other Cook County cities with similar median sales prices in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Morton Grove | 49 | 45 | 8.9% | $296,500 | $295,000 | 0.5% |
| Palos Heights | 15 | 24 | -37.5% | $288,000 | $202,750 | 42% |
| Skokie | 86 | 110 | -21.8% | $286,000 | $300,000 | -4.7% |
| Hoffman Estates | 95 | 76 | 25% | $275,000 | $250,000 | 10% |
| Niles | 41 | 37 | 10.8% | $274,500 | $270,000 | 1.7% |
| Buffalo Grove | 21 | 31 | -32.3% | $270,000 | $265,000 | 1.9% |
| Roselle | 8 | 14 | -42.9% | $267,500 | $230,000 | 16.3% |
| Elk Grove Village | 58 | 70 | -17.1% | $264,750 | $234,000 | 13.1% |
| Willow Springs | 14 | 10 | 40% | $264,500 | $282,000 | -6.2% |
| Harwood Heights | 12 | 6 | 100% | $262,500 | $277,000 | -5.2% |
| Palatine | 155 | 158 | -1.9% | $260,000 | $265,000 | -1.9% |
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