Absorption Report

Berwyn, Chicago, Des Plaines, Dixon, Dolton, Evanston, Midlothian, Niles, Northbrook, Streamwood, Tinley Park, Condos/Townhomes, District 299

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.


94% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 12/16 Under Contract
Last 30 days
Absorption Rate Months of Inventory
26k-50k 6 1 0
51k-75k 4 12 1 0.5 2
76k-100k 8 13 2 0.3 3.7
101k-125k 14 38 9 0.5 2.2
126k-150k 20 87 15 0.7 1.4
151k-175k 30 85 18 0.5 2.1
176k-200k 42 135 30 0.5 1.9
201k-225k 36 120 18 0.6 1.8
226k-250k 42 149 33 0.6 1.7
251k-275k 50 129 30 0.4 2.3
276k-300k 42 157 33 0.6 1.6
301k-325k 38 164 25 0.7 1.4
326k-350k 39 149 31 0.6 1.6
351k-375k 20 97 12 0.8 1.2
376k-400k 45 103 22 0.4 2.6
401k-425k 39 107 12 0.5 2.2
426k-450k 34 109 16 0.5 1.9
451k-475k 29 103 9 0.6 1.7
476k-500k 37 83 16 0.4 2.7
501k-550k 40 139 26 0.6 1.7
551k-600k 45 135 22 0.5 2
601k-650k 34 101 18 0.5 2
651k-700k 30 90 18 0.5 2
701k-750k 24 87 12 0.6 1.7
751k-800k 21 63 6 0.5 2
801k-850k 12 34 5 0.5 2.1
851k-900k 19 34 9 0.3 3.4
901k-950k 4 17 0.7 1.4
951k-1m 19 26 4 0.2 4.4
1m-1.1m 22 25 7 0.2 5.3
1.1m-1.2m 8 15 1 0.3 3.2
1.2m-1.3m 8 12 2 0.3 4
1.3m-1.4m 11 9 0.1 7.3
1.4m-1.5m 12 8 2 0.1 9
1.5m-1.6m 7 5 1 0.1 8.4
1.6m-1.7m 3 4 1 0.2 4.5
1.7m-1.8m 3 4 0.2 4.5
1.8m-1.9m 4 2 0.1 12
1.9m-2m 9 5 1 0.1 10.8
2m-2.25m 5 1 0 30
2.25m-2.5m 8 2 0 24
2.5m-2.75m 5 1 0 30
2.75m-3m 2 2 1 0.2 6
3m-3.5m 6 1 0 36
3.5m-4m 2 1 0.1 12
4m-4.5m 2 0
5.01m-6m 4 0
6.01m-7m 2 0
9.01m-10m 1 0