Market Overview
Home Prices in Buffalo Grove, IL
The median home value in Buffalo Grove, IL is $452,277 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Buffalo Grove are priced10% above average. Buffalo Grove is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Buffalo Grove home values have risen by approximately36.7%, reflecting strong long-term appreciation in this market.
Price History
Buffalo Grove Home Price Trend
City Comparison
Buffalo Grove vs. National Median
At $452,277, homes in Buffalo Grove cost 10% above the national median of $410,000. Buyers in Buffalo Grove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Buffalo Grove?
20% Down Payment
$90,455
on $452,277
Monthly P&I
$2,359/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,996/mo
incl. taxes & insurance
Income Needed
$119,840
gross annual (30% rule)
10% Down Option
$45,228
+ PMI applies
Loan Amount (20% dn)
$361,822
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Buffalo Grove, IL?
The median home value in Buffalo Grove is $452,277 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Buffalo Grove?
Over the past year, home values in Buffalo Grove have increased by 5.4%. Over five years, prices have risen approximately 36.7%.
How much do I need to earn to buy a home in Buffalo Grove?
To comfortably afford the median home price of $452,277 with a 20% down payment ($90,455) at today's rates (6.8%), you'd need a gross annual income of approximately $119,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Buffalo Grove compare to the national average home price?
The national median home value is approximately $410,000. At $452,277, homes in Buffalo Grove are 10% above the national average.
What metro area is Buffalo Grove part of?
Buffalo Grove is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.