Absorption Report

Chicago, Evergreen Park, Single Family, 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.


92% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 11/12 Under Contract
Last 30 days
Absorption Rate Months of Inventory
1k-25k 2 2 0.2 6
26k-50k 11 24 6 0.4 2.8
51k-75k 14 29 8 0.3 2.9
76k-100k 22 48 18 0.4 2.8
101k-125k 21 49 8 0.4 2.6
126k-150k 40 63 16 0.3 3.8
151k-175k 26 79 25 0.5 2
176k-200k 32 74 16 0.4 2.6
201k-225k 29 89 17 0.5 2
226k-250k 54 120 25 0.4 2.7
251k-275k 52 106 20 0.3 2.9
276k-300k 44 119 28 0.5 2.2
301k-325k 35 98 19 0.5 2.1
326k-350k 45 83 28 0.3 3.3
351k-375k 23 78 18 0.6 1.8
376k-400k 37 75 19 0.3 3
401k-425k 9 38 14 0.7 1.4
426k-450k 15 48 8 0.5 1.9
451k-475k 6 43 1 1.2 0.8
476k-500k 15 43 16 0.5 2.1
501k-550k 24 55 12 0.4 2.6
551k-600k 20 36 9 0.3 3.3
601k-650k 18 48 13 0.4 2.3
651k-700k 12 32 10 0.4 2.3
701k-750k 13 31 6 0.4 2.5
751k-800k 12 22 7 0.3 3.3
801k-850k 5 16 3 0.5 1.9
851k-900k 10 26 8 0.4 2.3
901k-950k 8 17 0.4 2.8
951k-1m 9 16 6 0.3 3.4
1m-1.1m 18 31 4 0.3 3.5
1.1m-1.2m 13 28 8 0.4 2.8
1.2m-1.3m 9 32 8 0.6 1.7
1.3m-1.4m 7 24 5 0.6 1.8
1.4m-1.5m 7 19 4 0.5 2.2
1.5m-1.6m 4 18 2 0.8 1.3
1.6m-1.7m 10 14 2 0.2 4.3
1.7m-1.8m 11 14 3 0.2 4.7
1.8m-1.9m 5 7 1 0.2 4.3
1.9m-2m 6 9 2 0.3 4
2m-2.25m 4 12 4 0.5 2
2.25m-2.5m 9 7 2 0.1 7.7
2.5m-2.75m 5 4 0.1 7.5
2.75m-3m 12 9 2 0.1 8
3m-3.5m 8 11 4 0.2 4.4
3.5m-4m 11 4 0.1 16.5
4m-4.5m 7 3 1 0.1 14
4.5m-5m 3 1 0.1 18
5.01m-6m 6 1 0 36
6.01m-7m 5 0
7.01m-8m 3 0
9.01m-10m 2 0
15.01m-16m 1 0
23.01m-24m 1 0