Buffalo Grove's April First-Time Homebuyer Report

With 41,496 residents, Buffalo Grove is a larger than average city in Illinois. Also, with a 5.3% decrease over the last 10 years, its population is shrinking slower than other parts of the state. The Buffalo Grove market is mostly made up of detached houses, which currently account for 60% of the homes for sale in the area. The best schools in the city are Tripp School, Meridian Middle School, and Buffalo Grove High School.

Culture

If you're looking to explore the nightlife of Buffalo Grove then check out TGI Fridays, Foursquare's most popular place to get a drink. If you're looking to get a cup of coffee, a favorite is Panera Bread. And finally, Target, Didier Farms, and Walgreens are frequently visited places to shop.

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 $337,549. A record 62 homes were sold in the Buffalo Grove market over the last 30 days, which is a new high going back to October. This is a 1.6% spike and comes on top of an extended three-week steady increase in sales activity.

Typical Dwelling

A four-bedroom detached home valued around $432,783 is considered a typical dwelling in Buffalo Grove. If a buyer was looking for a similar home, they would need good credit and a $86,557 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,718 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 4/13/2017

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