Housing Market Report for Morgan Park, Chicago, IL
This housing market report uses absorption rates to track supply and demand for Morgan Park, Chicago, IL. With 2.5 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 19, 2026]
High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.
Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.
More supply than demand. Buyers can negotiate, request concessions, and take their time.
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Houses
Absorption rate of 1.2, with 0.9 months of inventory.
With 6 months of inventory, buyers have more time and negotiating power in this range.
1 active listings with 7 sold in the last 6 months.
The overall market favors sellers with just 1.8 months of inventory.
| List Price |
Available
|
Sold Last 6 Months 
|
Under Contract 
|
Absorption Rate 
|
Months of Inventory 
|
Market |
|---|---|---|---|---|---|---|
| 0-25k | 1 | 0.2 | 0 | Seller's | ||
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| 75k-100k | 1 | 0.2 | 0 | Seller's | ||
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| 100k-125k | 1 | 2 | 1 | 0.3 | 3 | Balanced |
| 125k-150k | 3 | 0.5 | 0 | Seller's | ||
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| 150k-175k | 1 | 7 | 1.2 | 0.9 | Seller's | |
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| 175k-200k | 2 | 6 | 1 | 0.5 | 2 | Seller's |
| 200k-225k | 2 | 3 | 1 | 0.3 | 4 | Balanced |
| 225k-250k | 6 | 1 | 1 | 0 | Seller's | |
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| 250k-275k | 7 | 1 | 1.2 | 0 | Seller's | |
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| 275k-300k | 3 | 6 | 0.3 | 3 | Balanced | |
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| 300k-325k | 1 | 7 | 1 | 1.2 | 0.9 | Seller's |
| 325k-350k | 3 | 6 | 0.3 | 3 | Balanced | |
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| 350k-375k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 375k-400k | 2 | 4 | 1 | 0.3 | 3 | Balanced |
| 400k-425k | 1 | 4 | 3 | 0.7 | 1.5 | Seller's |
| 425k-450k | 1 | 1 | 1 | 0.2 | 6 | Balanced |
| 450k-475k | 1 | 0.2 | 0 | Seller's | ||
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| 475k-500k | 1 | 0.2 | 0 | Seller's | ||
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| 500k-550k | 1 | 0.2 | 0 | Seller's | ||
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| 550k-600k | 1 | 0 | ||||
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| 600k-650k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 700k-750k | 1 | 0.2 | 0 | Seller's | ||
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| 750k-800k | 1 | 0 | ||||
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| 800k-850k | 1 | 0.2 | 0 | Seller's | ||
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Townhouses
Absorption rate of 0.
With 0 months of inventory, buyers have more time and negotiating power in this range.
0 active listings with 2 sold in the last 6 months.
The overall market favors sellers with just 1 months of inventory.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 125k-150k | 1 | 1 | 0.2 | 0 | Seller's | |
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| 150k-175k | 1 | 0.2 | 0 | Seller's | ||
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| 200k-225k | 1 | 0 | ||||
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| 250k-275k | 1 | 1 | 0.2 | 0 | Seller's | |
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| 275k-300k | 1 | 1 | 0.2 | 0 | Seller's | |
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| 325k-350k | 2 | 0.3 | 0 | Seller's | ||
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Condos
Absorption rate of 0.1, with 12 months of inventory.
With 12 months of inventory, buyers have more time and negotiating power in this range.
0 active listings with 2 sold in the last 6 months.
The overall market favors sellers with just 1.5 months of inventory.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 25k-50k | 1 | 1 | 0.2 | 0 | Seller's | |
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| 50k-75k | 1 | 0.2 | 0 | Seller's | ||
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| 75k-100k | 2 | 1 | 0.1 | 12 | Buyer's | |
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| 100k-125k | 2 | 0.3 | 0 | Seller's | ||
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| 150k-175k | 1 | 1 | 0.2 | 0 | Seller's | |
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| 175k-200k | 1 | 1 | 0.2 | 0 | Seller's | |
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| 225k-250k | 1 | 0.2 | 0 | Seller's | ||
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Land
Absorption rate of 0.2, with 4.5 months of inventory.
With 4.5 months of inventory, buyers have more time and negotiating power in this range.
12 active listings with 16 sold in the last 6 months.
With 6.8 months of inventory overall, buyers currently hold the advantage.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 0-25k | 12 | 16 | 13 | 0.2 | 4.5 | Balanced |
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| 25k-50k | 4 | 0 | ||||
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| 75k-100k | 2 | 0 | ||||
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