Real Estate Market Update for Buffalo Grove, IL
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 8% from one year earlier, and down 4% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 47%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 290-thousand dollars. The number of units sold decreased 15% year-over-year, and decreased 34% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Buffalo Grove, IL
Area Information for Buffalo Grove, IL
  • Population: 41,134
  • Median Age: 44.13 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 4,351/sq mi
  • Population Change Since 2000: -4.33%
  • Closest Airport: Chicago O'hare International
  • Closest College: Keller Graduate School Of Management
  • Closest Jr. College: Worsham College-mortuary Science
  • Median Household Income: $92,644
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $250,000
  • Closest Major Sports Team: Chicago Cubs
  • Change Avg. Household Income Since 2000: 14.65%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Buffalo Grove, IL
Median Age: 44.13 Married: 52% Number of Households: 15,965 Households with Children: 5,298
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Buffalo Grove, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Willow Grove Kindergarten And Early Childhood Ctr 0.4 mi Public PRESCHOOL-K 0 0
      Kindercare Learning Centers 0.5 mi Private PRESCHOOL-3 0 0
      Ivy Hall Elementary School 0.7 mi Public 1-5 5 5
      Torah Academy 0.7 mi Private PRESCHOOL-6 0 0
      Tripp School 0.8 mi Public K-4 5 4
      St Mary School 0.8 mi Catholic PRESCHOOL-8 0 4
      Henry W Longfellow Elementary School 0.8 mi Public K-5 5 5
      Prairie Elementary School 1.0 mi Public 1-5 5 4
      Montessori World Of Discovery 1.1 mi Private PRESCHOOL-K 0 0
      Aptakisic Junior High School 1.2 mi Public 7-8 4-5 3
      Yachad Kids Academy 1.2 mi Private PRESCHOOL-K 0 0
      Earl Pritchett School 1.3 mi Public PRESCHOOL-4 5 4
      Cooper Middle School 1.3 mi Public 6-8 4-5 4
      Joyce Kilmer Elementary School 1.6 mi Public K-5 2-5 5
      Meridian Middle School 1.8 mi Public 5-6 5 5
      Buffalo Grove High School 1.9 mi Public 9-12 4-5 4
      Buffalo Grove Montessori 1.9 mi Private PRESCHOOL-K 0 0
      Twin Groves Middle School 2.1 mi Public 6-8 5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for Buffalo Grove, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.