Real Estate

October Home Sales Remain Steady, Prices Increase in Buffalo Grove

Here's a look at the 2013 real estate market compared to 2012.

The 26 single, detached homes sold in Buffalo Grove during October 2013 represented neither an increase nor decrease from October 2012, when 26 homes were also sold, according to the Mainstreet Organization of Realtors (MORe).

Meanwhile, the median home sales price increased in Buffalo Grove during October. The median price went up 21 percent to $305,710 from $252,500 in October 2012, according to the statistics.

Among the 59 Patch communities surveyed, the number of homes sold increased 12.4 percent, higher than the 9.6 percent increase seen across the estimated 200 Chicago suburbs MORe tracks. The median sales price across all suburbs rose by about 19 percent, while the price increased 11.6 percent in Patch communities.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

“We expect to continue to see strong growth in the housing market in the final months of 2013 and into next year, especially in regard to home prices,” MORe President Michael Parent said in a news release. “However, it’s important to remember that every town is recovering at its own pace. In some communities the engine is just starting back up. In others, it’s already in first or second gear. Either way, we’re seeing progress and some good underlying positives.”

Top Performers

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

  • Largest percentage increase in homes sold: Palos Heights (200 percent)
  • Largest percentage increase in median sales price: River Forest (81.6 percent)
  • Most homes sold in October 2013: Plainfield (113)
  • Highest median sales price in October 2013: Hinsdale ($922,500)

Related: A chart of October sales for all Patch towns in the Chicago area.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here