May's First-Time Homebuyer Report for Buffalo Grove

Buffalo Grove has a cost of living adjustment score of 117.8, which is very expensive when compared to others in Illinois. Also, the area is considered very affluent with a median income of $89,844 per household. Buffalo Grove is made up of homes that are relatively old with a median of 27 years. Leading the list of top schools in the city are Tripp School, Meridian Middle School, and Buffalo Grove High School.

Culture

If you are interested in the good places to eat in Buffalo Grove, Foursquare says that Wildfire, Lou Malnati's Pizzeria, and Big Bowl are the most popular restaurants. One of the most popular places to get a drink is Viper Alley. You could also check out the popular Panera Bread for a cup of coffee.

Price Range

Buffalo Grove has some of the more expensive homes in the state with a median home value of $231,100 and a current average list price of $324,923. The Buffalo Grove market broke below its 12-month average sales volume this week as sales slid 16.5% to hit 66 homes sold over the last 30 days.

Typical Dwelling

A four-bedroom detached home valued around $437,413 is considered a typical dwelling in Buffalo Grove. If a buyer was looking for a similar home, they would need good credit and a $87,483 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,804 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 5/18/2017

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