Absorption Report

Chicago, Single Family

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 12/17 Under Contract
Last 30 days
Absorption Rate Months of Inventory
1k-25k 2 2 0.2 6
26k-50k 10 26 6 0.4 2.3
51k-75k 12 25 3 0.3 2.9
76k-100k 17 43 9 0.4 2.4
101k-125k 32 56 13 0.3 3.4
126k-150k 44 56 11 0.2 4.7
151k-175k 24 64 8 0.4 2.3
176k-200k 34 72 16 0.4 2.8
201k-225k 33 93 25 0.5 2.1
226k-250k 51 131 32 0.4 2.3
251k-275k 47 124 28 0.4 2.3
276k-300k 47 111 23 0.4 2.5
301k-325k 40 108 17 0.5 2.2
326k-350k 39 103 28 0.4 2.3
351k-375k 31 72 19 0.4 2.6
376k-400k 36 85 21 0.4 2.5
401k-425k 15 47 9 0.5 1.9
426k-450k 17 50 11 0.5 2
451k-475k 12 46 5 0.6 1.6
476k-500k 20 43 8 0.4 2.8
501k-550k 29 68 16 0.4 2.6
551k-600k 26 45 12 0.3 3.5
601k-650k 14 50 11 0.6 1.7
651k-700k 12 34 9 0.5 2.1
701k-750k 12 43 8 0.6 1.7
751k-800k 15 33 10 0.4 2.7
801k-850k 6 25 8 0.7 1.4
851k-900k 10 30 5 0.5 2
901k-950k 7 25 3 0.6 1.7
951k-1m 10 16 0.3 3.8
1m-1.1m 12 37 6 0.5 1.9
1.1m-1.2m 10 31 5 0.5 1.9
1.2m-1.3m 4 37 9 1.5 0.6
1.3m-1.4m 10 23 3 0.4 2.6
1.4m-1.5m 3 24 3 1.3 0.8
1.5m-1.6m 4 21 5 0.9 1.1
1.6m-1.7m 11 20 5 0.3 3.3
1.7m-1.8m 7 20 6 0.5 2.1
1.8m-1.9m 7 9 2 0.2 4.7
1.9m-2m 6 12 3 0.3 3
2m-2.25m 8 13 1 0.3 3.7
2.25m-2.5m 7 11 6 0.3 3.8
2.5m-2.75m 6 5 0.1 7.2
2.75m-3m 9 10 1 0.2 5.4
3m-3.5m 9 13 2 0.2 4.2
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