From April to June, 7 homes sold in Buffalo for a median price of $64,629. That's 32.8 percent lower than median home sale prices for the second quarter of 2017.
In the second quarter, there were no foreclosures in Buffalo.
Median property tax for homeowners in Buffalo was $2,334.38 in 2017 according to tax data from that year. That means homeowners pay 2.4 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Buffalo real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$114,777
-
2010
1
$74,670
-34.9%
2011
2
$96,333
29%
2012
4
$126,386
31.2%
2013
6
$99,360
-21.4%
2015
1
$143,100
44%
2016
2
$94,448
-34%
2017
2
$96,135
1.8%
2018
7
$64,629
-32.8%
Median property tax
Median sale price
Effective property tax rate
2009
$2,600.25
$114,777
2.3%
2010
$1,720.23
$74,670
2.3%
2011
$1,529.81
$96,333
1.6%
2012
$2,189.69
$126,386
1.7%
2013
$1,757.80
$99,360
1.8%
2015
$3,718.16
$143,100
2.6%
2016
$1,072.02
$94,448
1.1%
2017
$2,334.38
$96,135
2.4%
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