Housing Market Report for Little Italy, UIC, Chicago, IL

This housing market report uses absorption rates to track supply and demand for Little Italy, UIC, Chicago, IL. With 2.1 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: September 15, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$450k – $475k

Absorption rate of 0.

Coolest Segment ❄️
$325k – $350k

With 0 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$700k – $750k

0 active listings with 3 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 2 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
325k-350k 1 1 0.2 0 Seller's
375k-400k 1 0.2 0 Seller's
425k-450k 2 1 0.3 0 Seller's
450k-475k 1 0
475k-500k 1 0.2 0 Seller's
500k-550k 1 0.2 0 Seller's
550k-600k 1 0
600k-650k 1 0.2 0 Seller's
650k-700k 1 0
700k-750k 3 0.5 0 Seller's
800k-850k 2 0
850k-900k 1 0.2 0 Seller's
950k-1m 1 0.2 0 Seller's
1m-1.1m 1 1 0.2 0 Seller's
1.5m-1.6m 2 0.3 0 Seller's

Townhouses

Hottest Segment 🔥
$650k – $700k

Absorption rate of 0.5, with 2 months of inventory.

Coolest Segment ❄️
$850k – $900k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$650k – $700k

1 active listings with 3 sold in the last 6 months.

Market Overview
All Segments

Supply and demand are roughly in balance at 3 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
450k-475k 1 0
475k-500k 1 0.2 0 Seller's
550k-600k 1 0.2 0 Seller's
600k-650k 1 2 2 0.3 3 Balanced
650k-700k 1 3 0.5 2 Seller's
850k-900k 1 1 0.2 6 Balanced

Condos

Hottest Segment 🔥
$400k – $425k

Absorption rate of 2, with 0.5 months of inventory.

Coolest Segment ❄️
$475k – $500k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$325k – $350k

5 active listings with 14 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.8 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
175k-200k 2 0.3 0 Seller's
200k-225k 1 3 0.5 2 Seller's
225k-250k 4 6 0.3 4 Balanced
250k-275k 4 11 1 0.5 2.2 Seller's
275k-300k 4 11 1 0.5 2.2 Seller's
300k-325k 2 9 2 0.8 1.3 Seller's
325k-350k 5 14 0.5 2.1 Seller's
350k-375k 5 8 1 0.3 3.8 Balanced
375k-400k 4 8 1 0.3 3 Balanced
400k-425k 1 12 2 0.5 Seller's
425k-450k 6 1 1 0 Seller's
450k-475k 3 0.5 0 Seller's
475k-500k 1 1 0.2 6 Balanced
500k-550k 1 7 1 1.2 0.9 Seller's
550k-600k 3 0.5 0 Seller's
600k-650k 1 5 0.8 1.2 Seller's
650k-700k 1 0.2 0 Seller's
700k-750k 1 1 0.2 6 Balanced
750k-800k 1 0.2 0 Seller's
800k-850k 2 1 0.3 0 Seller's

Land

Hottest Segment 🔥
$100k – $125k

Absorption rate of 0.2, with 6 months of inventory.

Coolest Segment ❄️
$100k – $125k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$100k – $125k

1 active listings with 1 sold in the last 6 months.

Market Overview
All Segments

With 14 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
75k-100k 3 0
100k-125k 1 1 0.2 6 Balanced
225k-250k 1 0
375k-400k 1 0.2 0 Seller's
950k-1m 1 0
1m-1.1m 1 0
1.6m-1.7m 1 0.2 0 Seller's

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