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Featured local agent — Buffalo Grove, IL
Sarah Mitchell
Compass Real Estate · Buffalo Grove, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Buffalo Grove, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$395,000median sale price
How is the Buffalo Grove, IL housing market right now?
The median home sale price in Buffalo Grove, IL is $395,000, down 9.7% year-over-year. Homes sell in an average of 45 days with 116 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Buffalo Grove a buyer's or seller's market?
Buffalo Grove, IL is currently a strong seller's market, based on 1.6 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
71
Last 12 weeks
Days on market
45
Average pace
Active listings
116
1.6 months supply
Sale-to-list
100.7%
Above asking
What does the Buffalo Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $395,000 |
| Median list price | $459,000 |
| Year-over-year price change | -9.7% |
| Average days on market | 45 days |
| Active inventory | 116 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $255/sq ft |
| Homes sold (latest month) | 71 |
| New listings (latest month) | 73 |
| Listings with a price cut | 20.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Buffalo Grove by property type?
How the Buffalo Grove, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $562,500 | $274/sq ft | 24 | 49 days |
| Condo / Co-op | $232,500 | $213/sq ft | 24 | 47 days |
| Townhouse | $380,000 | $255/sq ft | 23 | 43 days |
Source: Redfin · Updated monthly
The Buffalo Grove housing market is currently classified as a strong seller's market with a median sale price of $395,000. Prices have fallen 9.7% compared to last year, with homes spending an average of 45 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Buffalo Grove
There are currently 116 homes listed for sale in Buffalo Grove, Illinois. The median listing price is $459K.
Active listings
116
Homes on market
Median list price
$459K
Avg. days on market
45
Days until sale
New this week
73
Newly listed
Who lives in Buffalo Grove?
Population
42,824
Median income
$129,820/yr
Median age
42.1 years
Owner-occupied
81.5%
College grads
66.6%
Avg commute
27.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Buffalo Grove?
Zillow home value
$450,931
Zillow rent index
$2,388/mo
Price-to-rent ratio
15.7x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Buffalo Grove?
Buffalo Grove is a community of approximately 43K residents with a median age of 42.1 years.The median household income is $129,820, which reflects a relatively affluent area with strong earning potential. 66.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 81.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Buffalo Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Buffalo Grove?
12 schools tracked · 8,308 students
The largest public schools serving Buffalo Grove, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Buffalo Grove High School
Grades 9-12 · 2,038 students
Aptakisic Junior High School
Grades 6-8 · 885 students
Cooper Middle School
Grades 6-8 · 694 students
Meridian School
Grades 4-5 · 675 students
Twin Groves Middle School
Grades 6-8 · 594 students
Joyce Kilmer Elem School
Grades PK-5 · 579 students
Tripp School
Grades K-3 · 517 students
Ivy Hall Elementary School
Grades 1-5 · 494 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Buffalo Grove, IL?
Want a head-to-head view? Compare Buffalo Grove side-by-side with any other U.S. city using our market-comparison tool.
Is Buffalo Grove a good real estate investment market?
For investors evaluating Buffalo Grove, the price-to-rent ratio of 15.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 9.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Buffalo Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Buffalo Grove's median home price.
Frequently asked questions
What is the average home price in Buffalo Grove?
The median home sale price in Buffalo Grove is $395,000, down 9.7% from last year.
How long do homes stay on market in Buffalo Grove?
Homes typically spend 45 days on market before going under contract.
What is the median income in Buffalo Grove?
The median household income is $129,820 per year.
Is Buffalo Grove a buyer's or seller's market?
With 1.6 months of supply, Buffalo Grove is currently a strong seller's market.
What is the Zillow home value estimate for Buffalo Grove?
The Zillow Home Value Index (ZHVI) for Buffalo Grove is $450,931, representing the typical home value in the area.
What is the median condo price in Buffalo Grove?
The median condo/co-op sale price in Buffalo Grove, IL is $232,500, compared to $562,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Buffalo Grove?
The median single-family home price in Buffalo Grove, IL is $562,500 (about $274 per square foot).
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