From January through December of 2017, there were 12 homes sold, with a median sale price of $105,250 - a 34.5% increase over the $78,250 median sale price for the previous year. There were 16 homes sold in Buffalo in 2016.
The median sales tax in Buffalo for 2017 was $1,731. In 2016, the median sales tax was $1,947. This marks an decrease of 11.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares Buffalo to other Sangamon County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| New Berlin | 63 | 41 | 53.7% | $120,000 | $137,500 | -12.7% |
| Riverton | 63 | 61 | 3.3% | $119,900 | $116,000 | 3.4% |
| Loami | 17 | 11 | 54.5% | $116,000 | $65,500 | 77.1% |
| Auburn | 96 | 80 | 20% | $115,750 | $102,625 | 12.8% |
| Pawnee | 71 | 50 | 42% | $111,000 | $101,250 | 9.6% |
| Buffalo | 12 | 16 | -25% | $105,250 | $78,250 | 34.5% |
| Pleasant Plains | 20 | 32 | -37.5% | $84,750 | $136,500 | -37.9% |
| Mechanicsburg | 8 | 7 | 14.3% | $84,403 | $69,500 | 21.4% |
| Divernon | 22 | 19 | 15.8% | $83,380 | $96,000 | -13.1% |
| Southern View | 52 | 37 | 40.5% | $70,000 | $82,500 | -15.2% |
| Illiopolis | 20 | 15 | 33.3% | $61,450 | $100,000 | -38.6% |
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