Absorption Report

Chicago, Condos/Townhomes, Van Buren Street 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.


84% 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 26 6 1.4 0.7
201k-225k 14 25 3 0.3 3.4
226k-250k 19 53 13 0.5 2.2
251k-275k 28 53 7 0.3 3.2
276k-300k 30 47 10 0.3 3.8
301k-325k 29 44 8 0.3 4
326k-350k 20 49 14 0.4 2.4
351k-375k 21 30 7 0.2 4.2
376k-400k 33 39 9 0.2 5.1
401k-425k 20 31 5 0.3 3.9
426k-450k 23 38 5 0.3 3.6
451k-475k 15 26 7 0.3 3.5
476k-500k 19 25 8 0.2 4.6
501k-550k 17 44 5 0.4 2.3
551k-600k 28 25 4 0.1 6.7
601k-650k 21 23 4 0.2 5.5
651k-700k 13 19 4 0.2 4.1
701k-750k 27 19 5 0.1 8.5
751k-800k 16 17 2 0.2 5.6
801k-850k 6 9 1 0.3 4
851k-900k 11 9 2 0.1 7.3
901k-950k 9 5 0.1 10.8
951k-1m 12 18 4 0.3 4
1m-1.1m 12 17 4 0.2 4.2
1.1m-1.2m 11 11 4 0.2 6
1.2m-1.3m 6 9 3 0.3 4
1.3m-1.4m 7 3 1 0.1 14
1.4m-1.5m 5 5 1 0.2 6
1.5m-1.6m 4 1 0 24
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 6 3 1 0.1 12
4m-4.5m 3 1 0.1 18
5.01m-6m 3 0
6.01m-7m 1 1 0.2 6