Buffalo Grove
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Buffalo Grove Real Estate
When it comes to suburban Chicago real estate, Buffalo Grove is one of the hottest regions in the area. Many say Buffalo Grove is the ultimate place to settle down and start a family, whether you work in the urban center of Chicago or have a job outside the city. The architectural designs here range from colonial style to ranch houses to beautiful Georgian structures. Most of the lots in Buffalo Grove are quite big, and it's not uncommon for backyards to have large wooded areas abutting the grass-covered lawns. One- and two-car garages connected to the main house are a perk of most Buffalo Grove homes and many properties offer fenced-in yards - great for homeowners with young children or dogs.
The Buffalo Grove real estate market is characterized by diversity, as the town has an impressive variety of different houses for sale, ranging from small, affordable single-family homes that were built in the 1950s and '60s to newer 'McMansions' with upwards of five bedrooms and three-car garages. In addition, there is a good selection of condos and attached properties on the Buffalo Grove real estate market that offer homebuyers spacious living options without all the maintenance of a full-size home and yard.
Nice one-story, three-bedroom houses in Buffalo Grove, Illinois start in the mid to upper $200,000s. Many of the 50-year-old residences make up the area's lower real estate price range for detached properties. There is a decent supply of one- and two-story frame houses, split-levels and ranches that all offer homebuyers great value for their buck. Condos and townhouses are also more inexpensive, generally starting in the low $100,000s for a one-bedroom place and going up to the $500,000s for a three-bedroom townhome.
While Buffalo Grove condos and townhouses are excellent for families just starting out, first-time buyers and empty nesters looking to downsize; it is also easy to go in the other direction and upgrade your home to a huge, new construction residence with additional bedrooms and bathrooms, gourmet kitchen, and other high-end finishes. Granite countertops and stainless steel appliance packages come standard in these Buffalo Grove homes and their prices reflect the upmarket value. Many luxury Buffalo Grove residences are listed in the $700,000s, $800,000s and $900,000s, although there are some properties that break the million dollar mark.
Buffalo Grove market trends
Average sales price
The average sale price of a home in Buffalo Grove is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Buffalo Grove sign up for the trends report below or contact your Dream Town broker.
Average market time
The average number of days a home in Buffalo Grove spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Buffalo Grove sign up for the trends report below or contact your Dream Town broker.
Sales price vs. list price
The average sale price of a home compared to its listing price in Buffalo Grove is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Buffalo Grove sign up for the trends report below or contact your Dream Town broker.
Number of listings
The total number of listings in Buffalo Grove is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Buffalo Grove sign up for the trends report below or contact your Dream Town broker.
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