All Home Types
Buffalo Grove, IL Housing Market
What is the housing market like in Buffalo Grove today?
In August 2023, Buffalo Grove home prices were up 6.3% compared to last year, selling for a median price of $422K. On average, homes in Buffalo Grove sell after 47 days on the market compared to 54 days last year. There were 72 homes sold in August this year, down from 97 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$421,500
+6.3% YoY | Aug 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2023
Growth
% YoY
Buffalo Grove, IL
$421,500
+6.3%
United States
Buffalo Grove Migration & Relocation Trends
In Jul '23 - Sep '23, 16% of Buffalo Grove homebuyers searched to move out of Buffalo Grove, while 84% looked to stay within the metropolitan area.
- Across the nation, 4% of homebuyers searched to move into Buffalo Grove from outside metros.
- Denver homebuyers searched to move into Buffalo Grove more than any other metro followed by Rockford and Peoria.
Where are people moving to Buffalo Grove from?
- 84% of Buffalo Grove homebuyers searched to stay within the Buffalo Grove metropolitan area.
- Milwaukee was the most popular destination among Buffalo Grove homebuyers followed by Cape Coral and Miami.
Where are people from Buffalo Grove moving to?
Number of People Moving to Buffalo Grove
least
most
People are moving to Buffalo Grove from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jul '23 - Sep '23 | ||
| 1 | 3,533 | ||
| 2 | 1,178 | ||
| 3 | 1,168 | ||
| 4 | 1,154 | ||
| 5 | 879 | ||
| 6 | 801 | ||
| 7 | 781 | ||
| 8 | 515 | ||
| 9 | 459 | ||
| 10 | 329 | ||
People are leaving Buffalo Grove for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jul '23 - Sep '23 | ||
| 1 | 1,829 | ||
| 2 | 1,340 | ||
| 3 | 1,155 | ||
| 4 | 1,029 | ||
| 5 | 929 | ||
| 6 | 863 | ||
| 7 | 857 | ||
| 8 | 814 | ||
| 9 | 804 | ||
| 10 | 789 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Buffalo Grove.
Risk Factor
Provided by First Street Foundation
Transportation in Buffalo Grove
Learn about the walkability, bikeability, and transit-friendliness of Buffalo Grove
Car-Dependent
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