Why Live in Buffalo Grove
Home to about 43,000 people, Buffalo Grove is a Chicagoland village straddling Lake and Cook counties. While Buffalo Grove has established amenities, the upcoming addition of a new mixed-use shopping center is bringing new retail attractions to the area. Still, the village is a relatively quiet suburb with plenty of parks and local events that keep residents engaged in the community. Buffalo Grove’s median housing price is just over $400,000. Colonial Revivals, split levels and New Traditionals are the more common architectural styles. “The subdivisions here are mostly post-World War II builds — there’s been more growth since the 80s on the Lake County side of town,” says Realtor Alan Danenberg with Keller Williams Thrive. While new luxury apartments and townhouses will soon come online at The Clove, there are already plenty of existing condo communities on the northeast side of the village. Old Farm Village, for example, offers Tudor-style condos and New Traditional townhouses. Buffalo Grove’s property and violent crime rates are both well below the national and state rates, according to the FBI Crime Data Explorer. “Buffalo Grove is split between Lake and Cook County, so it’s
Home Trends in Buffalo Grove, IL
On average, homes in Buffalo Grove, IL sell after 18 days on the market compared to the national average of 51 days. The median sale price for homes in Buffalo Grove, IL over the last 12 months is $408,500, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$408,500
Median Single Family Sale Price
$460,000
Median Townhouse Sale Price
$499,900
Median 2 Bedroom Sale Price
$256,137
Median 1 Bedroom Sale Price
$164,900
Average Price Per Sq Ft
$239
Number of Homes for Sale
74
Last 12 months Home Sales
518
Median List Price
$419,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%