Buffalo Grove First-Time Homebuyer Report for February

Buffalo Grove is a larger than average city in Illinois with 41,496 residents. Its population is also shrinking slower than others at a 10-year growth rate of -5.3%. Detached homes account for 54% of the area's current housing market. Leading the list of top schools in the city are Tripp School, Meridian Middle School, and Buffalo Grove High School.

Price Range

The median value of homes in Buffalo Grove is $231,100, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $338,856. The Buffalo Grove market stayed sluggish with 39 homes sold in the last 30 days, a 9.3% sales drop.

Make sure you take a look at these eye-catching homes in Buffalo Grove that generated the most views from potential buyers:

$280K   $335K   $179K  

Typical Dwelling

A four-bedroom detached home valued around $413,416 is considered a typical dwelling in Buffalo Grove. If a buyer was looking for a similar home, they would need good credit and a $82,683 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,594 and the property tax rate is $19.95 per $1,000 of taxable assessed value.

Get started right now by checking out Buffalo Grove homes for sale or reviewing Buffalo Grove real estate trends.


Data reported through 2/2/2017

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