Absorption Report

Chicago, 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 12/13 Under Contract
Last 30 days
Absorption Rate Months of Inventory
1k-25k 2 2 0.2 6
26k-50k 7 26 7 0.6 1.6
51k-75k 13 25 4 0.3 3.1
76k-100k 17 43 9 0.4 2.4
101k-125k 30 56 12 0.3 3.2
126k-150k 45 56 13 0.2 4.8
151k-175k 22 67 11 0.5 2
176k-200k 35 70 15 0.3 3
201k-225k 39 88 19 0.4 2.7
226k-250k 48 132 35 0.5 2.2
251k-275k 52 120 30 0.4 2.6
276k-300k 47 108 20 0.4 2.6
301k-325k 40 109 21 0.5 2.2
326k-350k 37 104 34 0.5 2.1
351k-375k 35 70 15 0.3 3
376k-400k 36 86 18 0.4 2.5
401k-425k 15 44 10 0.5 2
426k-450k 20 51 13 0.4 2.4
451k-475k 11 46 4 0.7 1.4
476k-500k 23 40 7 0.3 3.5
501k-550k 31 66 13 0.4 2.8
551k-600k 27 46 13 0.3 3.5
601k-650k 15 50 10 0.6 1.8
651k-700k 13 34 8 0.4 2.3
701k-750k 14 40 6 0.5 2.1
751k-800k 15 33 12 0.4 2.7
801k-850k 7 24 7 0.6 1.8
851k-900k 11 28 4 0.4 2.4
901k-950k 8 25 6 0.5 1.9
951k-1m 12 16 0.2 4.5
1m-1.1m 15 35 6 0.4 2.6
1.1m-1.2m 10 33 5 0.6 1.8
1.2m-1.3m 6 35 7 1 1
1.3m-1.4m 9 23 3 0.4 2.3
1.4m-1.5m 2 24 3 2 0.5
1.5m-1.6m 5 22 5 0.7 1.4
1.6m-1.7m 9 18 5 0.3 3
1.7m-1.8m 8 20 8 0.4 2.4
1.8m-1.9m 6 9 2 0.3 4
1.9m-2m 7 11 2 0.3 3.8
2m-2.25m 8 13 2 0.3 3.7
2.25m-2.5m 9 9 4 0.2 6
2.5m-2.75m 6 5 0.1 7.2
2.75m-3m 9 10 3 0.2 5.4
3m-3.5m 8 13 3 0.3 3.7
3.5m-4m 13 3 0 26
4m-4.5m 6 4 1 0.1 9
4.5m-5m 4 1 0 24
5.01m-6m 6 1 0 36
6.01m-7m 3 0
7.01m-8m 3 0
9.01m-10m 2 0
23.01m-24m 1 0