Absorption Report

Chicago, Condos/Townhomes, LaSalle Street Station Metra Station (1 mi.)

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months
Inventory
5 months
Inventory
> 5 months
Inventory

The absorption rate is the rate at which a home is likely to sell in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with 5 months of inventory in their price range, and they are anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.


86% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 11/20 Under Contract
Last 30 days
Absorption Rate Months of Inventory
126k-150k 1 5 1 0.8 1.2
151k-175k 2 14 3 1.2 0.9
176k-200k 3 25 6 1.4 0.7
201k-225k 15 24 3 0.3 3.8
226k-250k 20 53 13 0.4 2.3
251k-275k 29 62 10 0.4 2.8
276k-300k 30 56 13 0.3 3.2
301k-325k 29 49 8 0.3 3.6
326k-350k 27 68 18 0.4 2.4
351k-375k 20 42 9 0.4 2.9
376k-400k 31 48 9 0.3 3.9
401k-425k 19 34 7 0.3 3.4
426k-450k 25 46 9 0.3 3.3
451k-475k 18 29 8 0.3 3.7
476k-500k 23 35 12 0.3 3.9
501k-550k 19 46 6 0.4 2.5
551k-600k 30 30 5 0.2 6
601k-650k 22 28 6 0.2 4.7
651k-700k 15 26 4 0.3 3.5
701k-750k 29 18 6 0.1 9.7
751k-800k 15 19 2 0.2 4.7
801k-850k 6 10 1 0.3 3.6
851k-900k 13 8 1 0.1 9.8
901k-950k 9 4 0.1 13.5
951k-1m 11 20 4 0.3 3.3
1m-1.1m 15 22 4 0.2 4.1
1.1m-1.2m 12 11 2 0.2 6.5
1.2m-1.3m 8 11 4 0.2 4.4
1.3m-1.4m 7 5 1 0.1 8.4
1.4m-1.5m 5 7 1 0.2 4.3
1.5m-1.6m 5 2 1 0.1 15
1.6m-1.7m 3 5 1 0.3 3.6
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 6 1 1 0 36
1.9m-2m 6 4 3 0.1 9
2m-2.25m 2 1 1 0.1 12
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 6 2 2 0.1 18
2.75m-3m 6 4 2 0.1 9
3m-3.5m 9 2 0 27
3.5m-4m 7 3 1 0.1 14
4m-4.5m 3 1 0.1 18
5.01m-6m 3 0
6.01m-7m 1 1 0.2 6