Buffalo Grove (Lake County) home prices fall in January 2020

Medium realestate4

The median sale price of a home sold in January 2020 in Buffalo Grove in Lake County fell by $42,500 while total sales decreased by 25%, according to BlockShopper.com.

In January 2020, there were 21 homes sold, with a median sale price of $265,000 - a 13.8% decrease over the $307,500 median sale price for the same period of the previous year. There were 28 homes sold in Buffalo Grove in January 2019.

The median sales tax in Buffalo Grove for the most recent year with available data, 2017, was $10,114, approximately 3.8% of the median home sale price for January 2020.

The following table compares Buffalo Grove to other Lake County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Deer Park
1
1
0%
$318,000
$400,000
-20.5%
Port Barrington
1
2
-50%
$316,500
$294,500
7.5%
Volo
3
1
200%
$292,000
$227,500
28.4%
Deerfield
10
21
-52.4%
$291,000
$369,000
-21.1%
Lake Barrington
7
12
-41.7%
$289,000
$277,500
4.1%
Buffalo Grove
21
28
-25%
$265,000
$307,500
-13.8%
Indian Creek
1
0
-
$260,000
$0
-
Island Lake
1
0
-
$260,000
$0
-
Lake Zurich
16
15
6.7%
$252,000
$350,000
-28%
Lake Catherine
1
2
-50%
$246,000
$76,450
221.8%
Lakemoor
1
1
0%
$246,000
$38,000
547.4%
* This story only considers sales data for the part of Buffalo Grove that is in Lake County.

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