Absorption Report

Bartlett, Carol Stream, Elgin, Hanover Park, Hoffman Estates, Schaumburg, South Elgin, St. Charles, Streamwood, Wayne, West Chicago, District 46

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.


NAN% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 10/27 Under Contract
Last 30 days
Absorption Rate Months of Inventory
126k-150k 3 0.5 0
151k-175k 8 1.3 0
176k-200k 11 1 1.8 0
201k-225k 14 2.3 0
226k-250k 29 4.8 0
251k-275k 47 7.8 0
276k-300k 51 2 8.5 0
301k-325k 49 8.2 0
326k-350k 54 2 9 0
351k-375k 32 5.3 0
376k-400k 38 3 6.3 0
401k-425k 23 3.8 0
426k-450k 18 3 0
451k-475k 20 3.3 0
476k-500k 19 3.2 0
501k-550k 21 3.5 0
551k-600k 9 1.5 0
601k-650k 11 1.8 0
651k-700k 5 0.8 0
701k-750k 4 0.7 0
751k-800k 3 0.5 0
951k-1m 1 0.2 0

NAN% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 10/27 Under Contract
Last 30 days
Absorption Rate Months of Inventory
51k-75k 2 0.3 0
76k-100k 3 0.5 0
101k-125k 2 0.3 0
126k-150k 3 0.5 0
151k-175k 12 2 0
176k-200k 14 2.3 0
201k-225k 33 2 5.5 0
226k-250k 36 1 6 0
251k-275k 36 3 6 0
276k-300k 49 1 8.2 0
301k-325k 40 1 6.7 0
326k-350k 42 1 7 0
351k-375k 10 1.7 0
376k-400k 5 0.8 0
401k-425k 1 0.2 0
426k-450k 1 0.2 0
451k-475k 1 0.2 0
476k-500k 1 0.2 0
601k-650k 1 0.2 0

NAN% of available homes are currently under contract

Lots/Land

List Price Available Sold Since 12/31 Under Contract
Last 30 days
Absorption Rate Months of Inventory
26k-50k 1 0.2 0
51k-75k 3 0.5 0
76k-100k 1 0.2 0
101k-125k 2 0.3 0
176k-200k 1 0.2 0
226k-250k 1 0.2 0
426k-450k 1 0.2 0
476k-500k 1 0.2 0