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Lake County Gazette

Monday, November 25, 2024

Buffalo Grove (Lake County) home prices fall in June 2019

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The median sale price of a home sold in June 2019 in Buffalo Grove in Lake County fell by $22,250 while total sales decreased by 27.5%, according to BlockShopper.com.

In June 2019, there were 50 homes sold, with a median sale price of $342,750 - a 6.1% decrease over the $365,000 median sale price for the same period of the previous year. There were 69 homes sold in Buffalo Grove in June 2018.

The median sales tax in Buffalo Grove for the most recent year with available data, 2017, was $10,114, approximately 3% of the median home sale price for June 2019.

The following table compares Buffalo Grove to other Lake County cities with similar median sales prices in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Deerfield604533.3%$413,500$470,000-12%
Tower Lakes24-50%$407,500$447,750-9%
Deer Park34-25%$405,000$500,000-19%
Indian Creek110%$400,000$380,0005.3%
Barrington Hills110%$356,500$1,345,000-73.5%
Buffalo Grove5069-27.5%$342,750$365,000-6.1%
Vernon Hills4655-16.4%$340,625$325,9004.5%
Lake Zurich443815.8%$336,000$351,250-4.3%
Knollwood34-25%$335,000$272,50022.9%
Wadsworth10742.9%$327,500$360,000-9%
Barrington1320-35%$324,900$522,500-37.8%
* This story only considers sales data for the part of Buffalo Grove that is in Lake County.

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