The Buffalo Grove housing market is somewhat competitive. Homes in Buffalo Grove receive 6 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 $221, up 6.3% since last year.
What is the housing market like in Buffalo Grove today?
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.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$430,000
+45.8% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Buffalo Grove, IL
$430,000
+45.8%
United States
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How hot is the Buffalo Grove housing market?
Buffalo Grove is somewhat competitive. Homes sell in 44.5 days.
0
100
67
Somewhat Competitive
Redfin Compete Score™
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 2% above list price and go pending in around 45 days.
Hot homes
can sell for about 5% above list price and go pending in around 32 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Buffalo Grove
Explore recent offers and recently sold homes in Buffalo Grove
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Buffalo Grove has a minor risk of flooding. 546 properties in Buffalo Grove are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Buffalo Grove. Flood risk is increasing slower than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
Buffalo Grove has a moderate risk of wildfire. There are 461 properties in Buffalo Grove that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in Buffalo Grove.
Buffalo Grove has minimal risk of severe winds over the next 30 years
Wind Factor
Buffalo Grove has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.