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Lake County Gazette

Wednesday, November 27, 2024

Buffalo Grove (Cook County) home prices fall in December 2018

Realestate5

The median sale price of a home sold in December 2018 in Buffalo Grove in Cook County fell by $67,000 while total sales decreased by 18.8%, according to BlockShopper.com.

In December 2018, there were 13 homes sold, with a median sale price of $163,000 - a 29.1% decrease over the $230,000 median sale price for the same period of the previous year. There were 16 homes sold in Buffalo Grove in December 2017.

The median sales tax in Buffalo Grove for the most recent year with available data, 2017, was $5,431, approximately 3.3% of the median home sale price for December 2018.

The following table compares Buffalo Grove to other Cook County cities with similar median sales prices in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Evergreen Park1928-32.1%$172,000$167,5002.7%
Oak Lawn6179-22.8%$171,000$175,000-2.3%
Olympia Fields550%$170,000$185,000-8.1%
Lyons513-61.5%$170,000$185,000-8.1%
Merrionette Park13-66.7%$165,000$223,500-26.2%
Buffalo Grove1316-18.8%$163,000$230,000-29.1%
Homewood2539-35.9%$160,000$140,00014.3%
Elgin1523-34.8%$160,000$166,000-3.6%
Melrose Park2225-12%$159,750$171,000-6.6%
Palos Hills241926.3%$159,000$150,0006%
Posen35-40%$150,000$105,00042.9%
* This story only considers sales data for the part of Buffalo Grove that is in Cook County.

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