Is Buffalo Grove, IL 60089 a buyer’s or seller’s market?

The Buffalo Grove housing market right now

In the three months ending August 31, 2026, 46% of homes in Buffalo Grove, IL 60089 sold above their list price, the typical home went under contract in 47 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 189 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (48% then), homes sold more slowly (45 days then) and the median sale price fell 2% to $442,808. Overall, Buffalo Grove is about as competitive as it was a year ago.

Within Lake County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Buffalo Grove ranks #171 of 464 IL ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Fox Lake 60020 (26% sold over asking) or Highwood 60040 (33% sold over asking), while North Chicago 60064 (58% sold over asking) and Zion 60099 (54% sold over asking) are even more competitive.