Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
468 Buffalo Grove, IL, USA apartments for sale
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137 Manchester Court, Buffalo Grove, IL 60089, USA
3 Bed
4 Bath
2,160 Sq Ft
Buffalo Grove
According to statistics, the population in Buffalo Grove, IL amounts to 41,551, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $106,564, shifting growth 5% from the past year, and the average property value in Buffalo Grove, IL growth 5% to $314,500 throughout the year.
| Population | 41,551 |
| Median Age | 42.2 |
| Poverty Rate | 5% |
| Household Income | $106,564 |
| Number Of Employees | 22,837 |
| Median Property Value | $314,500 |
Household Income
The average household income in Buffalo Grove, IL grew from $101,376 to $106,564 in the past year. This data is an estimate based upon 15,650 households in Buffalo Grove, IL . The chart below presents how household income is distributed in Buffalo Grove, IL in comparison to the revenue allocation amid households nationally.
- USA
- Buffalo Grove, IL
Property Value
According to data from last year, the average property value in Buffalo Grove, IL shifted from $299,600 to $314,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Buffalo Grove, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Buffalo Grove, IL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
- USA
- Buffalo Grove, IL
Rent vs. Own
- Rent78%
- Own22%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Buffalo Grove, IL compared to median property taxes around the country. The prevalent amount of property taxes in Buffalo Grove, IL equals $3000, which is less than the national average.
- USA
- Buffalo Grove, IL
Housing Trends
Buffalo Grove, IL, USA Housing Trends
Average sale in Buffalo Grove: $318,939 (-9.7%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 2 bed apartments | $127,777 | -9.2% |
| 3 bed apartments | $329,950 | -7% |
| 4+ bed apartments | $392,499 | -14.3% |
During May 2021, the average price for an apartment in/near Buffalo Grove, IL decreased by 9.7% to $318,939.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $127,777. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $329,950. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $392,499 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Houses for sale | $369,966 | -11.6% |
| Condos for sale | $173,838 | +23.6% |
| Townhouses for sale | $400,000 | -1.9% |
| Lofts for sale | $375,000 | N/A |
According to statistics, average house is still $369,966 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $173,838. The price statistics of lofts have not significantly changed, it now still goes for $375,000. Value of the townhouses didn’t change, the price still starts at $400,000.
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