Supply & Demand in Plainfield, IL

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings 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 an absorption rate of 5-months and is also 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.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 41% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 4 0.7 0
226k-250k 1 4 0.7 1.5
251k-275k 13 3 2.2 0
276k-300k 2 8 3 0.7 1.5
301k-325k 1 21 4 3.5 0.3
326k-350k 5 40 8 1.3 0.8
351k-375k 15 49 9 0.5 1.8
376k-400k 28 69 10 0.4 2.4
401k-425k 24 47 8 0.3 3.1
426k-450k 11 35 7 0.5 1.9
451k-475k 9 39 8 0.7 1.4
476k-500k 25 30 3 0.2 5
501k-550k 28 83 15 0.5 2
551k-600k 24 62 6 0.4 2.3
601k-650k 21 46 4 0.4 2.7
651k-700k 11 30 5 0.5 2.2
701k-750k 8 17 1 0.4 2.8
751k-800k 10 14 3 0.2 4.3
801k-850k 1 3 1 0.5 2
851k-900k 1 4 1 0.7 1.5
901k-950k 2 0
951k-1m 4 1 0 24
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0.2 0

Townhouses 57% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 3 0.5 0
226k-250k 4 10 4 0.4 2.4
251k-275k 3 12 0.7 1.5
276k-300k 2 21 3 1.8 0.6
301k-325k 3 25 3 1.4 0.7
326k-350k 3 15 4 0.8 1.2
351k-375k 7 18 4 0.4 2.3
376k-400k 7 23 4 0.5 1.8
401k-425k 6 28 5 0.8 1.3
426k-450k 2 13 1.1 0.9
451k-475k 4 4 1 0.2 6
476k-500k 2 1 0.1 12
501k-550k 1 0
601k-650k 1 0
801k-850k 1 0.2 0

Condos 42% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
176k-200k 1 3 0.5 2
226k-250k 2 11 3 0.9 1.1
251k-275k 1 11 2 1.8 0.5
276k-300k 2 14 2 1.2 0.9
301k-325k 2 9 2 0.8 1.3
326k-350k 2 2 0.2 6
351k-375k 2 1 0.1 12
376k-400k 4 0.7 0
401k-425k 2 1 0.3 0
426k-450k 5 2 0.8 0
476k-500k 2 0
551k-600k 1 0.2 0

Land 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 2 0.3 0
51k-75k 1 0
76k-100k 4 2 0.1 12
226k-250k 2 0
351k-375k 1 0
376k-400k 1 0.2 0
476k-500k 1 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
901k-950k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 1 1 0.2 6
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 2 0