Buffalo Grove, IL Housing Market
The Buffalo Grove housing market is somewhat competitive. Homes in Buffalo Grove receive 7 offers on average and sell in around 42 days. The median sale price of a home in Buffalo Grove was $430K last month, up 45.8% since last year. The median sale price per square foot in Buffalo Grove is $220, up 5.8% since last year.
Buffalo Grove Housing Market Trends
In April 2024, Buffalo Grove home prices were up 45.8% compared to last year, selling for a median price of $430K. On average, homes in Buffalo Grove sell after 42 days on the market compared to 41 days last year. There were 59 homes sold in April this year, up from 53 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Buffalo Grove housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 45 days.
- Hot homescan sell for about 5% above list price and go pending in around 33 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 42 days.
- Hot homescan sell for about 5% above list price and go pending in around 29 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 42 days.
- Hot homescan sell for about 3% above list price and go pending in around 31 days.
Buffalo Grove Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Buffalo Grove from outside metros.
- New York homebuyers searched to move into Buffalo Grove more than any other metro followed by Peoria and St. Louis.
- 86% of Buffalo Grove homebuyers searched to stay within the Buffalo Grove metropolitan area.
- Cape Coral was the most popular destination among Buffalo Grove homebuyers followed by Sarasota and South Bend.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,510 | ||
2 | 730 | ||
3 | 695 | ||
4 | 544 | ||
5 | 366 | ||
6 | 285 | ||
7 | 185 | ||
8 | 171 | ||
9 | 51 | ||
10 | 50 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,962 | ||
2 | 1,319 | ||
3 | 1,297 | ||
4 | 1,157 | ||
5 | 1,141 | ||
6 | 1,111 | ||
7 | 881 | ||
8 | 846 | ||
9 | 793 | ||
10 | 747 |
Home offer insights for Buffalo Grove
Recent offers
- Offer Not Accepted|5 Weeks Ago~$250K OfferSold for $275K2 bd | 2.5 ba | ~1,750 sqftUnder List Price8%Days on Market46Competing Offers3Down Payment~20%
- Offer Not Accepted|10 Weeks Ago~$300K OfferSold for $300K2 bd | 2 ba | ~1,750 sqftOver List Price10%Days on Market35Competing Offers—Down Payment~20%
- Offer Not Accepted|11 Weeks Ago~$350K OfferSold for $325K3 bd | 2 ba | ~1,500 sqftOver List Price4%Days on Market46Competing Offers—Down Payment~20%
View houses in Buffalo Grove that sold recently
Recently sold homes
- $599,900 Last Sold Price4 beds2.5 baths2,754 sq ft515 Highland Grove Dr, Buffalo Grove, IL 60089List Price$599,900Sale to List0% over listDays on Market54 days515 Highland Grove Dr, Buffalo Grove, IL 60089
- $570,000 Last Sold Price4 beds2.5 baths2,200 sq ft1184 Devonshire Rd, Buffalo Grove, IL 60089List Price$530,000Sale to List8% over listDays on Market32 days1184 Devonshire Rd, Buffalo Grove, IL 60089
- $625,838 Last Sold Price5 beds3 baths2,461 sq ft331 Didier Ct, Buffalo Grove, IL 60089List Price$675,838Sale to List7% under listDays on Market64 days331 Didier Ct, Buffalo Grove, IL 60089
- $338,500 Last Sold Price2 beds2 baths1,600 sq ft14 Willow Pkwy, Buffalo Grove, IL 60089List Price$300,000Sale to List13% over listDays on Market61 days14 Willow Pkwy, Buffalo Grove, IL 60089
- $575,000 Last Sold Price5 beds2.5 baths2,199 sq ft1343 Devonshire Rd, Buffalo Grove, IL 60089List Price$549,500Sale to List5% over listDays on Market110 days1343 Devonshire Rd, Buffalo Grove, IL 60089
- $330,000 Last Sold Price2 beds2 baths1,131 sq ft1204 Churchill Ct, Buffalo Grove, IL 60089List Price$280,000Sale to List18% over listDays on Market33 days1204 Churchill Ct, Buffalo Grove, IL 60089
- $625,000 Last Sold Price3 beds2.5 baths2,252 sq ft1326 Madison Dr, Buffalo Grove, IL 60089List Price$600,000Sale to List4% over listDays on Market82 days1326 Madison Dr, Buffalo Grove, IL 60089
- $300,000 Last Sold Price2 beds2 baths1,250 sq ft1026 Brentwood Cir, Buffalo Grove, IL 60089List Price$279,900Sale to List7% over listDays on Market54 days1026 Brentwood Cir, Buffalo Grove, IL 60089
See all recently sold homes in Buffalo Grove.
See listings
Schools in Buffalo Grove
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Ivy Hall Elementary School Public • 1-5 | 457 Students | 2 reviews |
9/10 Half Day School Public • 3-5 | 600 Students | 8 reviews |
8/10 Prairie Elementary School Public • 1-5 | 394 Students | 2 reviews |
8/10 Meridian Middle School Public • PreK-5 | 609 Students | 6 reviews |
6/10 Booth Tarkington Elementary School Public • PreK-5 | 475 Students | 5 reviews |
Climate's impact on Buffalo Grove housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Buffalo Grove.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Buffalo Grove
Walk Score®
Bike Score®
More real estate resources for Buffalo Grove
New Listings in Buffalo Grove
Nearby City Housing Markets
Neighborhood Housing Markets
Zip Code Housing Markets
Nearby City Listings
Neighborhood Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.