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 11/20 Under Contract
Last 30 days
Absorption Rate Months of Inventory
1k-25k 2 2 0.2 6
26k-50k 11 25 5 0.4 2.6
51k-75k 13 28 5 0.4 2.8
76k-100k 21 48 15 0.4 2.6
101k-125k 22 49 10 0.4 2.7
126k-150k 47 60 14 0.2 4.7
151k-175k 29 74 19 0.4 2.4
176k-200k 29 74 13 0.4 2.4
201k-225k 40 84 15 0.4 2.9
226k-250k 55 117 23 0.4 2.8
251k-275k 47 115 28 0.4 2.5
276k-300k 48 109 23 0.4 2.6
301k-325k 31 103 22 0.6 1.8
326k-350k 46 84 28 0.3 3.3
351k-375k 31 70 14 0.4 2.7
376k-400k 44 78 15 0.3 3.4
401k-425k 5 38 14 1.3 0.8
426k-450k 17 46 6 0.5 2.2
451k-475k 9 43 1 0.8 1.3
476k-500k 18 41 13 0.4 2.6
501k-550k 32 59 12 0.3 3.3
551k-600k 23 40 9 0.3 3.5
601k-650k 20 48 11 0.4 2.5
651k-700k 11 34 11 0.5 1.9
701k-750k 12 34 7 0.5 2.1
751k-800k 14 25 8 0.3 3.4
801k-850k 7 17 2 0.4 2.5
851k-900k 12 25 8 0.3 2.9
901k-950k 6 20 3 0.6 1.8
951k-1m 8 18 6 0.4 2.7
1m-1.1m 12 32 6 0.4 2.3
1.1m-1.2m 13 31 5 0.4 2.5
1.2m-1.3m 10 30 5 0.5 2
1.3m-1.4m 5 26 5 0.9 1.2
1.4m-1.5m 6 19 4 0.5 1.9
1.5m-1.6m 5 16 2 0.5 1.9
1.6m-1.7m 11 16 3 0.2 4.1
1.7m-1.8m 11 16 4 0.2 4.1
1.8m-1.9m 7 7 1 0.2 6
1.9m-2m 6 9 2 0.3 4
2m-2.25m 7 12 2 0.3 3.5
2.25m-2.5m 9 6 2 0.1 9
2.5m-2.75m 6 4 0.1 9
2.75m-3m 10 10 2 0.2 6
3m-3.5m 7 12 4 0.3 3.5
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 4 0
7.01m-8m 3 0
9.01m-10m 2 0
15.01m-16m 1 0
23.01m-24m 1 0