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Lake County Gazette

Monday, November 25, 2024

Buffalo Grove (Lake County) home prices fall in the second quarter of 2019

Realestate1

The median sale price of a home sold in the second quarter of 2019 in Buffalo Grove in Lake County fell by $32,656 while total sales decreased by 7.5%, according to BlockShopper.com.

From April through June of 2019, there were 148 homes sold, with a median sale price of $326,844 - a 9.1% decrease over the $359,500 median sale price for the same period of the previous year. There were 160 homes sold in Buffalo Grove in the second quarter of 2018.

The median sales tax in Buffalo Grove for the most recent year with available data, 2017, was $10,114, approximately 3.1% of the median home sale price for the second quarter of 2019.

The following table compares Buffalo Grove to other Lake County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Klondike21100%$379,250$386,000-1.7%
Tower Lakes58-37.5%$375,000$402,500-6.8%
Barrington3541-14.6%$370,000$470,000-21.3%
Lake Barrington3758-36.2%$357,500$312,45014.4%
Lake Zurich1091009%$336,000$336,500-0.1%
Buffalo Grove148160-7.5%$326,844$359,500-9.1%
Knollwood68-25%$322,500$320,0000.8%
Vernon Hills120155-22.6%$321,500$330,000-2.6%
Horatio Gardens8633.3%$317,500$227,50039.6%
Fox River Grove12-50%$315,000$505,000-37.6%
Cary84100%$305,000$360,000-15.3%
* This story only considers sales data for the part of Buffalo Grove that is in Lake County.

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